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Jaguar Land Rover plans 10% staff reduction
Jaguar Land Rover has announced plans to cut approximately 10% of its workforce, amounting to about 4,000 jobs, over the next two years. The goal is to save £1.7 billion ($2.3 billion) and reduce the breakeven point to sales of up to 300,000 vehicles. This move comes amid challenges facing the automotive industry, such as Chinese competition, tariffs, technological changes, and the effects of a previous cyberattack that halted production. The company emphasizes that these layoffs are intended to support its financial strategy and improve its position in the luxury car market.
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