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Home / News / Business News / JLR hit by lay-offs; to cut 2,000 jobs globally
  • Business

    JLR hit by lay-offs; to cut 2,000 jobs globally

    Dwaipayan Roy
    Written by
    Dwaipayan Roy
    Mail
    Last updated on Feb 18, 2021, 01:28 pm
    JLR hit by lay-offs; to cut 2,000 jobs globally
  • Jaguar Land Rover (JLR) is planning to reduce its global workforce by 2,000 in the next financial year. The staff is being briefed on the job cuts.

    The development comes just two days after the automaker laid bare its new Reimagine strategy under which Jaguar will become an all-electric brand from 2025.

    Here are more details.

  • In this article
    'The review of the company's organization is underway' Tata Motors' losses might have hastened lay-off decision Manufacturing staff working by the hour will be unaffected £2.5 billion will be spent annually to achieve carbon neutrality
  • Quote

    'The review of the company's organization is underway'

  • "The full review of the Jaguar Land Rover organization is already underway. We anticipate a net reduction of around 2,000 people from our global salaried workforce in the next financial year," JLR said in a statement.

  • Mounting trouble

    Tata Motors' losses might have hastened lay-off decision

  • In January, JLR owner Tata Motors was concerned over semiconductor shortages and Brexit-related supply disruptions. However, production was not hit.

    The company also posted three straight quarters of losses due to the impact of COVID-19 on sales, rising expenses, and weak demand. These factors might have led to the lay-off decision.

    However, it turned a profit in the third quarter ending December 2021.

  • Information

    Manufacturing staff working by the hour will be unaffected

  • JLR has factories in India, the West Midlands area of England, Slovakia, China, and Brazil. The salaried employees there are being briefed on the job losses. However, manufacturing staff paid by the hour will not be affected.

  • Future plan

    £2.5 billion will be spent annually to achieve carbon neutrality

    £2.5 billion will be spent annually to achieve carbon neutrality
  • The company has formulated a 'Reimagine' plan, as part of which, it will invest £2.5 billion ($3.5 billion) annually so that its operations and supply chain can become carbon neutral by 2039. This plan will require a substantial reduction of its non-manufacturing operations.

    Jaguar Land Rover has almost 40,000 employees worldwide, according to the company's 2019-20 annual report.

  • Jaguar Land Rover
  • Tata Motors Ltd
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