Jaguar Land Rover to cut nearly 12% of UK workforce with no government bailout

The UK government has decided it will not use public money to prevent job losses at Jaguar Land Rover. Business Secretary Jonathan Reynolds stated his role was limited and he would not intervene in business management. The carmaker, owned by Tata Motors, announced a voluntary redundancy programme for up to 4,000 employees. This potential reduction represents approximately 12% of the company's 34,000 staff based in the UK. Details regarding which roles are affected will be released later Monday. Sources indicated the cuts would likely target senior management and research and development positions rather than production workers on the assembly line. Jaguar Land Rover faces headwinds from declining sales following a cyber-attack last year and potential new tariffs from the US administration. The company aims to stabilize its finances through £1.7 billion in expenditure reductions over the next two years.