The company, which is owned by India’s automotive manufacturer Tata Motors<\/a>, is planning to cut as many as 4,000 jobs over the next two years, according to a report<\/a> from The Times.<\/p>\n A JLR spokesperson did not comment on the scale of the job losses when contacted by CNBC on Monday. <\/p>\n The spokesperson did, however, confirm the company had informed its colleagues and trade union partners that it is “opening a voluntary redundancy programme offering salaried and management team members the opportunity to leave the business.” <\/p>\n JLR said the company needed to adapt to evolving global market conditions while targeting roughly \u00a31.7 billion ($2.3 billion) in savings over the next two years, while reducing its break-even point to 300,000 vehicles.<\/p>\n “To achieve this, we must further simplify our organisation, improve efficiency, and build greater resilience,” the spokesperson said. <\/p>\n Shares of Tata Motors traded 0.7% lower on Monday. The Mumbai-listed stock is up around 9.5% year-to-date. <\/p>\n JLR’s cost-cutting drive is seen as a fresh test<\/a> for Prime Minister Andy Burnham, following similar cost-saving announcements at British luxury car firms Aston Martin and Bentley in recent months. <\/p>\n U.K. Business and Trade Minister Jonathan Reynolds, who ruled out<\/a> a bailout for the company over the weekend, is expected to meet with JLR executives to discuss the redundancy measures early this week. <\/p>\n “We understand that this will be an uncertain and concerning time for affected workers, their families and wider communities,” a government spokesperson told CNBC by email. <\/p>\n “We have taken significant action to back the UK automotive industry by lowering electricity bills for manufacturers, providing \u00a34 billion of capital and R&D funding to manufacture zero emission vehicles and launching a \u00a32 billion Electric Car Grant to encourage people to buy EVs,” they added. <\/p>\n It’s not just British car firms feeling the pressure. German auto giant Volkswagen<\/a> announced<\/a> late last week that it plans to slash a further 50,000 jobs as part of a historic transformation plan, amid tariff pressures and fierce competition from Chinese car brands.<\/p>\n![\"JLR's](\"https:\/\/www.europesays.com\/britain\/wp-content\/uploads\/2026\/09\/108216433-17612950581761295055-42244885586-1080pnbcnews.jpg\")
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