Jaguar Land Rover may cut 4,000 jobs as Tata-owned carmaker targets £1.7bn savings after cyberattack

Jaguar Land Rover may cut up to 4,000 jobs as it targets £1.7bn in savings amid mounting financial pressures. Tata Motors-owned Jaguar Land Rover (JLR) is opening a voluntary redundancy programme that could see around 4,000 jobs cut over the next two years, according to a UK media report. The development comes nearly a year after a cyber attack brought production at the British carmaker to a standstill for several weeks and as the company grapples with falling sales, rising costs and the impact of US tariffs.According to The Times, the luxury carmaker is expected to formally announce the redundancy programme on Monday. JLR, however, has already informed staff and trade union partners about the voluntary scheme, which will offer salaried and management team members the opportunity to leave the business.The company has said it needs to save approximately £1.7 billion over the next two years as it seeks to adapt to “evolving global market conditions”. It is also targeting a reduction in its break-even point to 300,000 vehicles.JLR targets £1.7bn in savingsA JLR spokesperson said the company had strengthened its “house of brands” and transformed its product portfolio over the past thre...