Britain's biggest automaker plans to cut almost one in 10 jobs worldwide over the next two years.
Jaguar Land Rover (JLR) is to cut around 4,000 jobs globally as part of a plan to reduce costs and strengthen its finances, the company said on Monday.
The company, which employs around 43,000 people worldwide, said the voluntary redundancy programme would focus on salaried and management roles rather than direct manufacturing jobs.
“The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geopolitical uncertainty,” chief executive PB Balaji said in a statement.
JLR said the savings would help lower the number of vehicles it needs to sell to break even to around 300,000 a year.
