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JLR Announces Cuts
- Jaguar Land Rover announced a voluntary redundancy programme in the United Kingdom.
- The plan could cut up to 4,000 salaried and management jobs over two years.
- JLR aims to save about £1.7 billion by simplifying the organisation and improving efficiency.
- The latest quarter showed revenue at £6 billion, down 9.6%, and pretax profit at £109 million, down 69%.
- Tariffs on U.S. vehicle imports and a 2025 cyber-attack contributed to the cuts.
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