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JLR: 3,000 staff accept voluntary redundancy as carmaker targets £1.7bn savings
The voluntary departures are part of a plan to cut 4,000 jobs and save £1.7 billion as JLR faces market pressure and higher restructuring costs.
- Tata Motors Passenger Vehicles reported a consolidated loss of 55.3 billion rupees for the quarter ending September 30, 2026, driven by 67.38 billion rupees in exceptional charges related to Jaguar Land Rover restructuring and asset impairments.
- Jaguar Land Rover initiated a voluntary redundancy program to cut 4,000 jobs as part of efforts to reduce costs by 1.7 billion, with Chief Financial Officer Richard Molyneux saying the program is progressing "strangely to plan."
- Despite restructuring costs, JLR reported revenue of 5.9 billion for the three months ending September 30, with profit before tax and exceptional items reaching 6 million, up from a 485 million loss a year earlier.
- Chief Executive Officer PB Balaji confirmed JLR is retaining "talent and skill" within its workforce while launching new models including the Range Rover Electric and Jaguar Type 01 to support future growth.
- JLR anticipates adjusted EBIT margins between 2% and 3% for the full year while targeting 300k units in breakeven volumes through its Enterprise Missions, though ongoing geopolitical risks and market challenges persist.
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Tata Motors Passenger Vehicles reports Q2 net loss of ₹5,531 crore
The figures are not comparable because last year the company had exceptional gains due to the demerger of the company. During the period, the company’s revenue increased to ₹96,340 crore from ₹71,414 crore in the year ago period, up 35% YoY
·Chennai, India
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Coverage Details
Total News Sources21
Leaning Left3Leaning Right4Center3Last UpdatedBias Distribution40% Right
Bias Distribution
- 40% of the sources lean Right
40% Right
L 30%
C 30%
R 40%
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