British luxury carmaker Jaguar Land Rover announced Monday it would cut around 4,000 roles over the next two years, or about 10% of its global workforce, in a further blow to Europe's automobile industry.
The company revealed its voluntary redundancy scheme just days after the German car giant Volkswagen announced 50,000 new job cuts.
It follows months of turmoil caused by a cyberattack on the British carmaker and U.S. President Donald Trump's sector-wide tariffs.
The world's biggest carmakers across Europe, the United States and Japan are also facing strong competition from Chinese manufacturers, as well as the need to invest heavily as the industry shifts toward electric vehicles.
"The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geopolitical uncertainty," JLR's CEO PB Balaji said in the statement, which also said it would target cost savings of 1.7 billion pounds ($2.3 billion).
