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UK's Jaguar Land Rover to cut 4,000 jobs over next two years
Sep 07, 202604:40 PM
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UK's Jaguar Land Rover to cut 4,000 jobs over next two years
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British luxury carmaker Jaguar Land ​Rover said on Monday it would cut ‌around 4,000 jobs globally over the next two years as part of a broader plan ​to reduce costs and improve competitiveness.

 

The manufacturer, ​which has major sites in central England, said ⁠it was targeting 1.7 billion pounds ($2.30 ​billion) of savings, lowering its break-even point towards ​300,000 vehicles. JLR employs about 30,000 in the UK out of a global workforce of about 40,000.

 

Business ⁠minister Jonathan Reynolds said on Sunday he would meet Chief Executive PB Balaji this ⁠week ​to discuss the planned ​job cuts following media reports of the plans.

 

Source: Reuters

--Agencies 

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