Jaguar Land Rover (Jlr) will cut about 4,000 jobs over the next two years, equal to 10% of its global workforce, hit by months of difficulties related to a cyberattack and tariffs imposed by the United States.
The automotive industry crisis
The British car manufacturer, controlled by Indian Tata Motors, announced this in a statement released today, a few days after Volkswagen announced another 50,000 cuts. “The automotive sector faces significant challenges, including technological change, intense competition, and geopolitical uncertainty,” said CEO Pb Balaji, according to whom the plan aims to save £1.7 billion ($2.3 billion) in costs.
Five new models in the next 12 months
In the next 12 months, Jlr plans to launch five new products and strengthen its presence in North America, aiming for double-digit revenue growth. After the disastrous ‘woke’ electrification campaign and the blow dealt by US tariffs, Jlr closed the fiscal year ending in March with a loss of £244 million, compared to a net profit of £1.8 billion in 2024-25.
The cyberattack that stopped production
The restructuring comes a year after a cyberattack that halted production in the UK for over a month, with an estimated cost of £260 million.
Most cuts in the United Kingdom
Most of the group’s approximately 34,000 employees are located in the United Kingdom, where according to local media the majority of the cuts would be concentrated.