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JLR To Lay Off 4,000 Staff Amid China Competition
UK's biggest carmaker seeks to cut costs over next two years, amid slow transition to electric, financial hit from cyber-attack
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The British company has gone from earning more than 2 billion euros in a year to presenting red numbers. Sales have fallen by 18% and the brand seeks to save 1,980 million.
Neither luxury brands are able to escape the crisis that is affecting the automotive industry and JLR (formerly Jaguar Land Rover) is a good example. In the next two years, the British manufacturer is preparing to eliminate about 4000 jobs. The measure arises at a time when JLR seeks to adapt to [...] The post The reasons for JLR deciding to cut 4000 jobs appeared first in Automobile Reason.
Jaguar Land Rover eliminates 4,000 jobs in the next two years and pursues savings of £1.7 billion without new public money.
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