Jaguar Land Rover to cut 4,000 jobs worldwide
British automaker Jaguar Land Rover plans to eliminate 4,000 positions globally over the next two years to save costs and reduce break-even vehicle sales targets.
Jaguar Land Rover announced Monday it will remove approximately 4,000 jobs worldwide within a two-year period. The company employs roughly 43,000 people and stated the voluntary redundancy scheme will target salaried and management roles rather than direct manufacturing staff. Chief executive PB Balaji credited these measures with lowering the number of vehicles required to break even to about 300,000 annually. He also noted ongoing challenges including technological shifts, intense competition, and geopolitical uncertainty. Despite the cuts, the firm intends to invest between £15 billion and £18 billion over five years in electrification, digital technology, and advanced manufacturing. Plans include launching five new products next year and strengthening presence in North America to target double-digit revenue growth. Balaji stated these actions will build a stronger company for all stakeholders. Weak sales, supply issues, US tariffs, and a cyberattack from last year have pressured profits. Meanwhile, suppliers like Evtec expressed pessimism, with one leader noting demand will contract inexorably without policy support.
