Jaguar Land Rover has emailed its employees saying that it intends to cut around 2,000 salaried jobs from its global workforce, with the reductions believed to be related to a restructuring programme, but will not affect manufacturing roles.
The Midlands-based manufacturer currently employs about 40,000 worldwide and the news comes on the back of an announcement last week of plans to switch to producing purely electric vehicles by 2025 with a further aim to become a net-zero carbon emitter by 2039.
The review is believed to be part of Project Charge and Project Charge+, the firm’s ongoing global cost-cutting and restructuring drive, through which the company is aiming to save £5 billion by leveraging its most profitable vehicles, reducing its overall investment spend and growing its after-sales business.
Jaguar Land Rover, owned by the Indian Tata Motors group, released a statement on Wednesday (Feb 17), saying that the company had to make “every possible efficiency” and that it had briefed its salaried employees about the restructuring plans.
“We need to reduce the cost base to achieve a lean foundation, which will allow us to transform most effectively into a more agile organisation,” a spokesperson said.
“This does not impact our hourly paid, manufacturing colleagues. We anticipate a net reduction of around 2,000 people from our global salaried workforce in the next financial year.”
Jaguar Land Rover has made a series of staff reductions in recent years, cutting 1000 jobs in 2018 and 4500 jobs in 2019, as it ramped up plans to return to profitability after following a run of weak sales for cars globally.
Keyword: Jaguar Land Rover confirms plans to slash 2,000 jobs from global workforce