Jaguar Land Rover to cut 4000 jobs globally

Jaguar Land Rover, the British automotive company, plans to cut around 4,000 jobs worldwide over the next two years as part of a cost-reduction and competitiveness strategy, aiming to save approximately £1.7 billion (around $2.3 billion). This move is part of its restructuring strategy focused on technological transformation, with a plan to launch five new models in the coming year and to invest between £15 billion and £18 billion over the next five years in areas such as electrification, digital technologies, and advanced manufacturing. The company aims to accelerate its shift toward electric vehicles and strengthen its position in the global market amidst rising costs and increasing competition within the automotive industry.

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