Jaguar Land Rover to cut
Photo: Damian Dovarganes/AP/TT

Jaguar Land Rover to cut 4,000 jobs in £1.7 billion savings drive

Jaguar Land Rover is to cut 4,000 jobs.

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The cuts, which will involve 10 percent fewer employees, will be made over a two-year period. The aim is for the company to save 1.7 billion pounds, equivalent to 22 billion kronor, CEO PB Balaji announced on Monday.

American car tariffs and rising Chinese competition are some of the reasons for the savings plans.

The savings package from Jaguar Land Rover, which is part of the Indian Tata Group, is one in a series from European car manufacturers, many of which are now cutting back sharply.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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