Jaguar Land Rover opens voluntary redundancy program in $2.3B cost-cutting drive - Fox Business

British carmaker Jaguar Land Rover (JLR) has opened a voluntary redundancy program for salaried and management staff as part of a sweeping multibillion, cost-cutting campaign. The Tata Motors-owned vehicle manufacturer confirmed the voluntary exit scheme for white-collar staff over the weekend as it moves to lower its global operational break-even threshold to 300,000 vehicles annually. While unconfirmed British media reports indicate the two-year operational overhaul could impact up to 4,000 non-assembly positions across its 30,000-strong U.K. workforce, JLR noted that hourly assembly line workers at primary manufacturing facilities will remain outside the scope of the program. "Over the past three years, we have transformed our product portfolio," a JLR spokesperson told outlets. "To achieve this next phase, we must further simplify our organization, improve efficiency, and build greater resilience while adapting to evolving global market conditions."