Jaguar Land Rover begins voluntary redundancy program as part of $2.3 billion cost-saving efforts
Jaguar Land Rover (JLR), the British car manufacturer owned by Tata Motors, has initiated a voluntary redundancy program aimed at salaried and management staff as part of a significant cost-cutting strategy. This move comes as the company seeks to reduce its global operational break-even point to 300,000 vehicles per year. Over the weekend, the company […]
British Steel halts redundancy plans after government rescue | British Steel
British Steel said it will close consultations on up to 2,700 redundancy without action after the government took control of the company earlier this month. In March, Chinese company Jingye, which purchased British Steel in 2020, proposed shutting down two Scunthorpe explosion furnaces. We have launched consultations saying it could affect employment of 2,000-2,700 people. […]