Press Release
JLR updates on strategic transformation programme
- Targeting £1.7bn savings over next two years to reduce break-evens to 300,000 units
- Plans to invest £15-18bn in electrification, digital tech, manufacturing, and customer experience over 5 years
- Global workforce to reduce by ~4,000 roles, mainly non-manufacturing, via voluntary means
- Consultation started on first round of reductions with trade union engagement
- JLR aims for carbon net zero by 2039 with new electric and hybrid models launching over next 2 years
Source: Original filing PDF
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