Jaguar Land Rover Denies China Layoff Plans Amid Global Cuts

Jaguar Land Rover has responded to international reports of global workforce reductions by stating that no organizational adjustments are currently planned for its Chinese market operations. The company indicated that business in China is proceeding normally, with sales, after-sales services, and the dealer network functioning as usual.

This clarification follows reports from publications like The Times, suggesting Jaguar Land Rover intends to cut 4,000 jobs over the next two years. These potential cuts are reportedly a response to escalating costs, a significant drop in sales, and trade pressures from the United States.

Jaguar Land Rover confirmed it will implement a voluntary redundancy program aimed at saving approximately £1.7 billion over the next two years. The company seeks to reduce its break-even sales volume to 300,000 vehicles and streamline its global operations in response to changing market conditions. Specific numbers for planned layoffs were not disclosed in the statement.

The UK-based automaker, owned by India's Tata Motors, saw its revenue decrease by nearly 10% and its profit before tax fall by 69% in the most recent fiscal quarter.