Jaguar Land Rover to cut 4,000 jobs amid tariffs, cyberattack

  • Jaguar Land Rover will open a voluntary redundancy programme linked to reported 4,000 role reductions.
  • JLR says it needs £1.7 billion in savings over the next two years.
  • Jonathan Reynolds will meet JLR's CEO this week; Volkswagen approved 50,000 job cuts.

Jaguar Land Rover is reported to be cutting 4,000 roles over two years through a voluntary redundancy programme, as the British carmaker seeks approximately £1.7 billion in savings and break-even production of 300,000 vehicles. Owned by India's Tata Motors, JLR employs about 30,000 people in Britain, with its largest plant in Solihull, and is facing weaker sales, Donald Trump's 10% U.S. vehicle tariff, a cyberattack that halted production for more than a month, supply disruption and competition from Chinese models including the Jaecoo 7. Business minister Jonathan Reynolds said he will meet JLR's CEO this week and described the operating environment for carmakers in Britain and Europe as challenging. JLR's revenue fell almost 10% in the first quarter, while pre-tax profit dropped by two-thirds to £109 million. The company previously announced about 300 job cuts in July and has delayed its all-electric Defender into the 2030s. Volkswagen has separately approved a plan to cut 50,000 jobs as the industry confronts tariffs and Chinese competition.

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Jaguar Land Rover to cut 4,000 jobs amid tariffs, cyberattack - CoinPost Terminal