A major British carmaker is slashing thousands of jobs amid mounting financial pressures, including U.S. tariffs, operational disruptions from a recent cyber-attack, and broader economic challenges. The company, owned by an Indian conglomerate, has confirmed plans to cut its global workforce by around 4,000 over two years as part of a cost-saving drive targeting £1.7 billion in efficiencies. The move marks a significant blow to employees, with the UK workforce—one of its largest—now under threat of deep reductions. Analysts warn the decision reflects the intensifying strain on automakers from trade conflicts and digital security risks.
Carmaker, which is battling Trump tariffs and fallout from cyber-attack, also wants to reduce 34,000-strong UK workforceBusiness live – latest updatesJaguar Land Rover has announced thousands of job cuts in a “body blow for workers” as it grapples with tough trading conditions, Donald Trump’s tariff wars and the fallout from a cyber-attack.Britain’s largest carmaker, which is owned by the Indian conglomerate Tata, confirmed the anticipated cuts on Monday, saying it wants to reduce its global workforce by about 4,000 over two years, as part of an effort to save £1.7bn. Continue reading...
