New Delhi, September 5 (IANS). Tata Motors-owned luxury vehicle maker Jaguar Land Rover (JLR) is facing challenges like rising costs, weak demand and import duties imposed by the US. Now the company is preparing to cut about 4,000 jobs in Britain in the next two years. This information was given in a report.
According to 'The Times' report, JLR may formally announce the layoff program on Monday. Earlier on Friday, the company had told the employees that this step was going to be taken soon.
According to the report, the automaker employs about 34,000 people at its plants in Halewood, West Midlands and Merseyside in Britain. Additionally, the company also supports an estimated 1.20 lakh jobs through its domestic supply chain.
This proposed reduction in the number of employees is being done at a time when PB Balaji, who had worked as the finance head of Tata Motors, took over as the Chief Executive Officer (CEO) of JLR last year. Their goal is to increase company profits and reduce costs.
According to the report, Tata Motors has increased pressure on the management of JLR after the decline in performance.
JLR's revenue fell by nearly 10 per cent in the quarter ending June 2026, while pre-tax profit fell by more than two-thirds to £109 million.
Additionally, the company is aiming to achieve savings of approximately £1.7 billion over the next two years and achieve break-even at the level of 3 lakh vehicles per annum.
According to the report, JLR said that it needs to adapt to the changing global market conditions. For this, the company will simplify its organization, improve efficiency and increase strength.
The company said it has initiated a voluntary layoff program for salaried and management level employees and further information will be given to employees.
Apart from this, the 10 per cent duty imposed on car imports from Britain to the US has also impacted JLR. North America accounts for 29 percent of the company's global sales and remains JLR's largest market.
However, the automaker was also affected by a cyber attack last year. Due to this attack the company's operations were disrupted for several months.
–IANS
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