AssetID: 55991466
Headline: UNCAPTIONED: Jaguar Land Rover To Cut 4,000 Jobs
Caption: Jaguar Land Rover To Cut 4,000 Jobs. Jaguar Land Rover is cutting 4,000 jobs over the next two years as it battles growing Chinese competition, US tariffs and the costly transition to electric vehicles. Most of the redundancies will affect staff at the carmaker's UK-based head office as JLR seeks to save £1.7 billion. The company, which employs around 43,000 people globally, hopes to achieve the reductions through voluntary redundancies but says compulsory job losses could follow if necessary. JLR has been losing sales to Chinese rivals while tariffs imposed by US President Donald Trump have added further pressure, because the company does not manufacture vehicles in the United States. Its difficulties were also intensified by last year's major cyber attack, which forced JLR to halt production for more than a month. Chief executive PB Balaji said affected employees would be treated with care, fairness and respect. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
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