Jaguar Land Rover (JLR) is to cut 4,000 jobs as the carmaker struggles with Chinese competition, US tariffs, and the transition to electric vehicles.
The cuts will happen over the next two years and will mostly affect the head office, which is based in the UK.
JLR’s long-term issues were made worse after a cyber-attack last year caused the firm, which employs 43,000 people globally, to shut down production for more than a month.
Chief executive PB Balaji said the firm was “committed to supporting everyone with care, fairness and respect” through the redundancy process.
JLR is hoping to achieve the cuts through voluntary redundancy, with a window open until 4 October, but said it would make compulsory redundancies with less generous terms if necessary.
The company is making the redundancies in an attempt to save £1.7bn over the next two years.
The carmaker has been losing sales to rivals from China, a country which JLR initially saw as a market for growth rather than a source of competition.
