Jaguar Land Rover announced Monday that it will cut around 4,000 roles over the next two years, about ten percent of its global workforce, in a further blow to Europe's automobile industry. The voluntary redundancy scheme comes just days after Volkswagen revealed 50,000 new job cuts, and follows months of turmoil from a cyberattack and US tariffs. The company aims to save £1.7 billion ($2.3 billion) and will launch five new products in the next 12 months, focusing on North America. JLR, owned by India's Tata Motors, posted a loss of £244 million for its fiscal year ending in March, compared with a net profit of £1.8 billion in 2024-25. UK Business minister Jonathan Reynolds is scheduled to meet with JLR executives this week to discuss the job losses.
Volkswagen AG
Volkswagen AG VZO O.N.JLR cutting 4,000 jobs and posting a £244 million loss, aiming to save £1.7 billion.
Tata Motors' subsidiary JLR cutting jobs and reporting losses, impacting parent company.
