Jaguar Land Rover will cut jobs to reduce costs and compete with China
LONDON (AP) — Jaguar Land Rover said Monday it will cut 4,000 jobs across its global workforce as it tries to cut costs and compete with Chinese electric carmakers. Britain’s biggest automaker said the job cuts will take place over the next two years as it targets $2.3 billion in savings to make it more competitive as the industry transitions to electrification. “The automotive industry faces significant challenges, with technological change amidst intense competition and ongoing geopolitical uncertainty,” chief executive PB Balaji said in a statement.
