Jaguar Land Rover owner sees surprise $1bn loss msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Tata-owned Jaguar Land Rover fires one-third of India staff
The layoffs are part of JLR s global strategy to shed about 2,000 non-manufacturing jobs by next fiscal. It had also reduced its global headcount by 1,000 in 2018 and another 4,500 in 2019
Sumant Banerji | March 6, 2021 | Updated 14:46 IST
According to the 2019-20 annual report, JLR has almost 40,000 employees worldwide
KEY HIGHLIGHTS:
In its first major restructuring exercise in the county, JLR is laying off almost a third of its workforce in India, accounting for around 20 white collar jobs
It is part of the company s global strategy to trim non-manufacturing jobs by 2,000 by the next financial year
JLR to take a write off of 1 5 bn pounds in Q4 as part of a restructuring business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
18 February 2021 4:37 pm / 2 comments
Jaguar Land Rover has announced that it will be cutting 2,000 salaried jobs from its global workforce,
Reuters reported, shortly after announcing its plan to turn Jaguar’s model line-up fully electric by 2025, as part of the group’s new Reimagine strategy under new boss Thierry Bolloré.
“The full review of the Jaguar Land Rover organisation is already underway. We anticipate a net reduction of around 2,000 people from our global salaried workforce in the next financial year,” the automaker said in an e-mailed statement sighted by
Reuters. These cuts involved non-factory jobs, and the organisational review did not affect hourly-paid manufacturing employees, it added.
Tata Motors unit fixes deadline to turn entire portfolio electric.The company will invest £2.5 bn a year to drive its electrification plans, develop connected services and data-centric technologies