Economy
Jaguar Land Rover Initiates Voluntary Redundancy Program
BBC1h
THE BRIEF
1
Jaguar Land Rover has opened a voluntary redundancy program for salaried and management staff as part of a plan to save £1.7bn over the next two years.
2
The company, which employs 30,000 people in the UK, is responding to a sales slump and the lingering financial impact of a 2025 cyber attack that cost £1.9bn.
3
Unite union officials and Business Secretary Jonathan Reynolds are scheduled to meet with JLR chief executive PB Balaji next week to discuss mitigating potential job losses.