JAGUAR LAND ROVER TO CUT UP TO 300 UK SALARIED ROLES
Jaguar Land Rover confirmed it will reduce up to 300 salaried and managerial posts as part of a "redeployment and displacement" programme. The West Midlands-based manufacturer said the cuts form part of its ongoing business transformation, which includes a focus on next-generation and electric vehicles. Unions have been informed of the restructure. Affected staff will be offered voluntary early exit on favourable redundancy terms or the opportunity to explore redeployment to alternative roles within the company.
The redundancies follow a sharp decline in the company's financial performance. Jaguar Land Rover reported £14m in profit before tax and exceptional items in the year to March, a fall of more than 99 per cent compared with £2.5bn the previous year, according to its annual results announced in May. The company attributed the collapse to the impact of US tariffs on its automotive exports and a cyber attack in late August that forced factory shutdowns for weeks. The manufacturer employs 33,000 people across the UK, with significant operations at plants in Solihull and Castle Bromwich. Hourly production workers are not included in the redundancy programme.
The company stated in its announcement that impacted colleagues would be supported to find alternative roles wherever possible, with redundancy available as a final option if suitable redeployment could not be agreed. Jaguar Land Rover described the restructure as necessary to improve decision-making and operational performance as it evolves its business model to accelerate growth across its brand portfolio.