general news

Jaguar Land Rover to slash 2,000 jobs from its workforce over 2022

Jaguar Land Rover to slash 2,000 jobs from its workforce over 2022
Jaguar Land Rover to slash 2,000 jobs from its workforce over 2022

British automotive company, Jaguar Land Rover, has reportedly announced plans for cutting 2,000 jobs from its workforce over 2022. As per the company, it has started a complete review as part of its efforts towards becoming a more agile organization.

According to Thierry Bollore, the Chief Executive of JLR, the company is exploring opportunities for repurposing its Castle Bromwich plant, which has leading to speculation that it could be utilized for battery production.

The company has all the ingredients it needs at its disposal for reimagining the business and the experiences sought by the its customers. Furthermore, the firm also has all the ingredients for defining the meaning of modern luxury in the world of tomorrow, added Bollore.

As per reliable sources, thousands of jobs have been lost at JLR over the past two years, owing to a decline in sales. The firm had earlier also cited the uncertainty caused by Brexit as the reason for the job losses. Back in March 2020, the company’s production had entirely stopped before it recommenced at a reduced capacity in summer.

For the record, the decision for slashing jobs came after the car maker confirmed that its Jaguar brand will be going all-electric by 2025. The company has also confirmed plans of keeping open all of its three plants in the United Kingdom.

As per a company spokesman, the losses from its global workforce will not be affecting its manufacturing staff. A spokesperson has further stated that the company needs to decrease the cost base for achieving a lean foundation, enabling the most effective transformation of the firm into a more agile organization.

Sources cite that the company has already started to brief its salaried employees regarding the organization review, which will not be affecting its hourly paid, manufacturing employees. JLR expects a net reduction of nearly 2,000 people from its global salaried workforce over the next financial year, added the spokesman.

Source credit: https://www.bbc.co.uk/news/uk-england-birmingham-56104092

About the author

Sunil Jha

Sunil Jha has been a part of the content industry for close to two years. Having previously worked as a voice over artist and sportswriter, he now focuses on writing articles for newsorigins.com, across a slew of topics, ranging from technology to trade and finance. With a business-oriented educational background, Sunil brings forth the expertise of deep-dive research and a strategic approach in his write ups.