JLR Job Cuts: Tata Motors (Tata Motors) owned luxury car company Jaguar Land Rover is preparing to cut around 4,000 jobs over the next two years. The company is planning to start a voluntary redundancy program to reduce costs significantly. According to British media reports, the company may make an official announcement of the program soon.

The company wants to save 1.7 billion pounds

Jaguar Land Rover says that keeping in view the rapidly changing situation in the global market, the company has to make necessary changes in its operations. This is aimed at saving around 1.7 billion pounds over the next two years.

The company said that during the last three years, it has strengthened its brand and also made significant changes in the product portfolio for the new generation. Now changing Global There is a need to move towards the next phase of the strategy keeping in mind the market conditions.

JLR has also set a sales target of around three lakh vehicles in the next two years, apart from cutting costs.

Employees will be given the opportunity to leave the company

The company has informed the employees and business union representatives about the voluntary retrenchment programme. Under this scheme, salaried employees and members of the management team will be given an opportunity to leave the company voluntarily.

According to reports, the company intends to reduce its personnel costs through this process. However, the layoffs could affect thousands of employees.

Union discussions with Govt

Sharon Graham, general secretary of the Unite Workers Union, said that detailed discussions were held with the government over the weekend to minimize the impact of job cuts at JLR.

He said the union would do everything possible to help the employees. According to him, once again the burden of the company’s problems should fall on the employees.

JLR’s announcement comes at a time when companies are under increasing pressure in the global automobile industry due to changing cost, demand and market conditions. Now how the voluntary retrenchment plan of the company is implemented and how much its impact employees falls on, all eyes will be on him.