Jaguar Land Rover to cut 4,500 jobs globally in cost reduction programme

Jaguar Land Rover (JLR) has outlined the next phase of an ongoing company programme to deliver £2.5 billion in cost reductions and cashflow improvements over 18 months, as well as long-term strategic operating efficiencies.

The automotive manufacturer is expanding a business-wide organisation review aimed at cutting the size of its global workforce by around 4,500 people. The next phase of this programme will begin with a voluntary redundancy programme in the UK.

Dr. Ralf Speth, CEO of Jaguar Land Rover, said: “We are taking decisive action to help deliver long-term growth, in the face of multiple geopolitical and regulatory disruptions as well as technology challenges facing the automotive industry. The ‘Charge and Accelerate’ programme combines efficiency measures with targeted investment, safeguarding our future and ensuring that we maximise the opportunities created by growing demand for autonomous, connected, electric and shared technologies.”

So far, the programme has identified over £1 billion of improvements, with more than £500 million already realised in 2018. The savings and improvements achieved will enable JLR to fund vital investments into technology to safeguard its future.

These investments include the announcement that, later in 2019, next-generation Electric Drive Units (EDU) will be produced at the company’s Engine Manufacturing Centre in Wolverhampton. These EDUs will be powered by batteries assembled at a new Battery Assembly Centre located at Hams Hall, North Warwickshire, reinforcing the company’s commitment to the West Midlands and the UK.

The Battery Assembly Centre will be one of the largest of its kind in the UK, using new production techniques and technologies to manufacture battery packs for future Jaguar and Land Rover vehicles.

Jaguar Land Rover www.jaguarlandrover.com