Jaguar Land Rover (JLR), owned by Tata Motors, aims to reduce its global workforce by around 4,000 roles over the next two years. This comes as the luxury carmaker seeks to cut costs and improve competitiveness. The move forms part of a wider restructuring programme targeting about Euro 1.7 billion (USD 2.3 billion) in savings.
The automaker wants to simplify its organisation, improve efficiency and lower the number of vehicles it needs to sell to reach break-even. JLR aims to bring its break-even point down to around 300,000 vehicles.
The carmaker employs about 40,000 people globally, including around 30,000 in the UK. The workforce reduction represents roughly 10% of its global workforce. JLR opened a voluntary redundancy programme for salaried and management employees. The company further explained that the cuts will target non-production roles. Thus, limiting the immediate impact on factory workers.
Despite the job cuts, JLR plans to continue investing heavily in future technologies. The company will invest between Euro 15 billion and Euro 18 billion over the next five years. The key areas include electrification, digital technologies, advanced manufacturing and customer experience.
It also plans to launch five new products over the next 12 months as it attempts to strengthen its portfolio and revive sales.
The restructuring therefore reflects a broader effort to balance immediate cost pressures with long-term investment in electric vehicles and new products.