Jaguar Land Rover (JLR) has announced plans to cut 4,000 jobs over the next two years. These reductions will primarily affect the company's head office, located in the UK.
The carmaker is aiming to achieve these job cuts through voluntary redundancy, with a window for applications open until 4 October. However, JLR stated it would implement compulsory redundancies with less generous terms if necessary. Affected staff are expected to receive an email in the coming days.
Chief executive PB Balaji stated the firm is "committed to supporting everyone with care, fairness and respect" through the redundancy process. The redundancies are part of an effort to save £1.7bn over the next two years.
JLR's decision comes as the company faces challenges including Chinese competition, US tariffs, and the transition to electric vehicles. A cyber-attack last year also caused the firm to shut down production for over a month.