Home Technology Jaguar Land Rover to cut 4,000 jobs over next two years...
Technology

Jaguar Land Rover to cut 4,000 jobs over next two years as part of plans to save £1.7billion

Jaguar Land Rover to cut 4,000 jobs over next two years as part of plans to save £1.7billion
Key Points

Jaguar Land Rover to cut 4,000 jobs over next two years as part of plans to save £1.7billion Chief executive PB Balaji warned the automotive industry 'faces significant challenges' through competition from cheaper vehicles in China and the impact of US tariffs Jaguar Land Rover has announced it will cut around 4,000 jobs over the next two years as part of plans to save £1.7billion. The cuts will mainly affect office roles in the UK, where around 34,000 staff in total are based. JLR has...

Jaguar Land Rover to cut 4,000 jobs over next two years as part of plans to save £1.7billion Chief executive PB Balaji warned the automotive industry 'faces significant challenges' through competition from cheaper vehicles in China and the impact of US tariffs Jaguar Land Rover has announced it will cut around 4,000 jobs over the next two years as part of plans to save £1.7billion. The cuts will mainly affect office roles in the UK, where around 34,000 staff in total are based. JLR has announced a voluntary redundancy programme but compulsory job losses have also not been ruled out. In an announcement today, chief executive PB Balaji warned the automotive industry "faces significant challenges" through competition from cheaper vehicles in China and the impact of Donald Trump's US tariffs. He said: ”We recognise this will be difficult news for colleagues affected, and are committed to supporting everyone with care, fairness and respect. Together, these actions will help build a stronger, more competitive JLR for all our stakeholders.” This is a breaking news story. Follow us on Google News , Flipboard , Apple News , Twitter , Facebook or visit The Mirror homepage.
Jaguar Land Rover (ORG) PB Balaji (ORG) China (LOCATION) US (LOCATION) UK (LOCATION) JLR (ORG) Donald Trump's (PERSON) Google News (ORG) Flipboard (ORG) Apple News (ORG) Twitter (ORG) Facebook (ORG) Mirror (ORG)
Originally published by Daily Mirror Read original →