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Automotive giant Jaguar Land Rover (JLR) has recently announced a major restructuring targeting 4,000 job cuts over the next two years in an attempt to save £1.7 billion.
Jaguar Land Rover is proposing to cut up to 4,000 roles over two years to save £1.7 billion. This decision is driven by high staffing costs and outside commercial pressures. These pressures come in the form of recovery costs from a major cyber-attack and intense competition from Chinese electric vehicle manufacturers entering Europe. To make matters worse, various geopolitical issues are squeezing JLR’s consumers and forcing them to reconsider their position in the market.
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