Dubai Weekly
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Thousands of workers at Britain's Jaguar Land Rover (JLR) will be offered voluntary redundancies as the luxury car manufacturer responds to intense competition from cheaper Chinese rivals, a cyberattack, and tariffs imposed by U.S. President Donald Trump.
The company, owned by India's Tata Motors, is planning to cut as many as 4,000 jobs over the next two years, according to a report from *The Times*. A JLR spokesperson confirmed the company had informed its colleagues and trade union partners about a voluntary redundancy program offering salaried and management team members the opportunity to leave the business. JLR aims to achieve £1.7 billion ($2.3 billion) in savings over two years by simplifying its organization, improving efficiency, and building greater resilience.
Shares of Tata Motors traded 0.7% lower on Monday, while the Mumbai-listed stock is up around 9.5% year-to-date. JLR's cost-cutting drive is seen as a test for Prime Minister Andy Burnham, following similar announcements by British luxury car firms Aston Martin and Bentley. U.K.
Business and Trade Minister Jonathan Reynolds ruled out a bailout for JLR, and the government has taken measures to support the UK automotive industry, including lowering electricity bills for manufacturers, providing £4 billion in capital and R&D funding for zero-emission vehicles, and launching a £2 billion Electric Car Grant. Meanwhile, German auto giant Volkswagen announced plans to slash 50,000 more jobs amid tariff pressures and competition from Chinese car brands.
Source: CNBC
