Jaguar Land Rover announces 4,000 layoffs over next two years to cut costs and improve competitiveness

(Central News Agency, London, comprehensive foreign news report on the 7th) British car manufacturer Jaguar Land Rover announced today that it will lay off 4,000 global employees in the next two years as part of the company's efforts to reduce costs and enhance competitiveness.

Reuters reported that Jaguar Land Rover, which has a production base in central England, said it aims to save 1.7 billion pounds (approximately NT$72.6 billion) in costs and revise the breakeven point (BEP) downward toward 300,000 vehicles. The carmaker employs around 40,000 people worldwide, including around 30,000 in the UK.

As Jaguar Land Rover, part of India's Tata Motors, confirmed the news of layoffs, British Finance Minister John Healey was delivering a speech focused on promoting economic growth in Coventry, a city in central England.

Jaguar Land Rover also said that it will launch five new products in the next 12 months, emphasizing that these changes will help support investments worth 15 billion to 18 billion pounds in the next five years, focusing on electrification, digital technology, advanced manufacturing and improving customer service experience.