JLR to cut 4,000 jobs, invest £15-18bn in electrification

Jaguar Land Rover (JLR), a subsidiary of Tata Motors Passenger Vehicles, announced an update on its strategic transformation program aimed at simplifying operations and driving sustainable growth. The company plans to achieve approximately £1.7 billion in savings over the next two years to reduce break-even points to 300,000 units. This program will support an investment of £15-18 billion in electrification, digital technologies, advanced manufacturing, and customer experience over the next five years. As part of these changes, JLR will reduce its global workforce by around 4,000 roles, primarily through voluntary means, with consultations beginning immediately. The company aims to become carbon net zero by 2039 and will launch five new electric products in the next two years.