LONDON: Jaguar Land Rover on Wednesday it said it planned to lay off about 2,000 employees in the next financial year.
Britain’s largest car manufacturer, owned by Tata Motors, said in a statement: “We expect a net reduction of around 2,000 people from our global salaried workforce in the next financial year.”
Jaguar Land Rover has nearly 40,000 employees worldwide, according to their 2019-20 annual report.
It was announced on Monday that the Jaguar brand would only produce electric vehicles by 2025 and that Land Rover would have its first fully electric vehicle in 2024.
The carmaker has said it will invest £ 2.5 billion ($ 3.5 billion, 2.9 billion euros) a year under its ‘Reimagine’ plan, which aims to keep the supply chain and its operations or carbon emissions by 2039.
It had been stated that this plan would also include a significant reduction in non-manufacturing activity.
The radical overhaul is coming under new chief executive Thierry Bollore, who joined in September.
The statement released on Wednesday said a “full review of the Jaguar Land Rover group is already underway”.
They said the group had already started informing salaried workers about the job cuts, which does not affect hourly pay manufacturers.
Jaguar Land Rover has plants in the West Midlands region of England as well as facilities in Slovakia, India, China and Brazil.
Its owner is Tata Motors part of the Indian Tata Conglomerate Group.