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Jaguar Land Rover confirms job cuts to save $2.3 billion
4 sourcesPublished · Updated
Jaguar Land Rover (JLR) announced plans to cut around 4,000 jobs worldwide over the next two years. This decision is part of a cost-saving program aimed at $2.3 billion due to declining sales and increasing competition.
Key facts
- Cutting 4,000 jobs
- Saving $2.3 billion
- Sales down by 9.6%
- Duration of the program - two years
- Reasons - cyberattack, tariffs, competition
Jaguar Land Rover · JLR · China · USA
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