Jaguar Land Rover prepares for a brighter future. Unfortunately, this apparently includes the termination of 2,000 jobs, which are disappearing due to reorganization.
With brand new CEO Thierry Bolloré at the helm, Jaguar Land Rover this week revealed that it is speeding up the electrification of its offering. Jaguar will even become fully electric by 2025, Land Rover is also expanding its EV offer. A breath of fresh air is blowing through the group, but unfortunately the reorganization also means a reduction in the workforce. 2,000 jobs will be lost this year, reports Automotive News.
Although it is not entirely clear what functions are involved, according to that medium, Jaguar Land Rover states that no permanent factory workers will be affected by the layoff round. The job cuts are probably partly related to freeing up money for the aforementioned electrification strategy. JLR is investing almost € 2.9 billion in this. However, like almost all other car manufacturers, the group has also been hit hard by the crisis, despite the fact that sales picked up again in the second half of 2020.