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Jaguar Land Rover plans 10% job cuts
British Jaguar Land Rover announced that it will reduce around 10% of its workforce, approximately 4,000 jobs, over the next two years through voluntary redundancy programs, with the goal of achieving savings of £1.7 billion ($2.3 billion). This move comes amid challenges facing the automotive industry, such as competition from Chinese companies, tariff pressures, technological hurdles, and the aftermath of a prior cyberattack that disrupted production and supplier operations. The company aims to lower its breakeven point to 300,000 vehicles, noting that it currently employs about 43,000 people worldwide.
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