Tata Motors-owned Jaguar Land Rover to cut 2,000 jobs globally
Jaguar Land Rover owned by Tata Motors said on Wednesday it would cut 2,000 jobs from its global salaried workforce, just days after announcing its luxury Jaguar brand will be entirely electric by 2025 and e-models of its entire lineup will be launched by 2030.
“The full review of the Jaguar Land Rover organisation is already underway,” the company said in an emailed statement.
“We anticipate a net reduction of around 2,000 people from our global salaried workforce in the next financial year,” it said.
Last month, Tata Motors said it was concerned by semiconductor shortages and Brexit-related supply disruptions as its luxury car sales recover, although the Indian automaker added these had not yet hit production.
Tata Motors posted three straight quarters of losses as the COVID-19 crisis dented sales, exacerbating uncertainties over Britain’s exit from the European Union, weak demand and rising costs, but had bounced back to clock a profit in its third quarter to the end of December.
The 2,000 reduction in JLR’s non-factory jobs was reported earlier on Wednesday by Sky News.