JLR says 3,000 staff have agreed voluntary redundancy

Summarised from 2 outlets · Updated 13 Nov, 14:28 · Archive

Jaguar Land Rover says about 3,000 staff have agreed to voluntary redundancy as part of a plan to cut 4,000 jobs globally over two years.

Jaguar Land Rover has said about 3,000 staff have agreed to voluntary redundancy as part of efforts to reduce its global workforce. The luxury British carmaker announced in September that it was targeting a reduction of about 4,000 jobs over the next two years to reduce labour costs and find savings worth £1.7 billion.

In an update on Friday, JLR's chief financial officer Richard Molyneux said there were about 3,000 members of staff signed up to leave the company during the remainder of the financial year, with the vast majority departing by the end of November. He said there were enough additional 'expressions of interest and applications' to address the remaining 1,000 roles and reach the company's target.

Mr Molyneux said: 'The programme has gone strangely according to plan. Not an awful lot has gone according to plan this year, but this programme has.' He acknowledged that a large number of colleagues would leave but said those remaining at JLR, representing at least 80 per cent of the current workforce, 'have the talent and the skill to be able to take this car company forward'. The Independent reports that Mr Molyneux pointed to JLR's five new battery electric vehicles, which he said should drive up earnings while easing back investment levels.

How it is being reported

• JLR says 3,000 staff already agreed voluntary redundancy under two-year planJLR announced in September that it was targeting a reduction of about 4,000 jobs across its global workforce over the next two years.Evening Standard · 13 Nov, 14:04
• JLR says 3,000 staff already agreed voluntary redundancy under two-year planJLR announced in September that it was targeting a reduction of about 4,000 jobs across its global workforce over the next two years.Independent Business · 13 Nov, 14:04

In this story: Jaguar Land Rover · Richard Molyneux

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