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TMPV — Tata Motors Passenger Vehicles News Story

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Brief: Tata Motors Passenger Vehicles Says JLR Will Reduce Its Global Workforce By Around 4,000 Roles Over The Next Two Years

BRIEF-Tata Motors Passenger Vehicles Says JLR Will Reduce Its Global Workforce By Around 4,000 Roles Over The Next Two Years

- Tata Motors Passenger Vehicles Ltd TAMO.NS:

  • JLR UPDATE ON STRATEGIC TRANSFORMATION PROGRAMME

  • JLR WILL REDUCE ITS GLOBAL WORKFORCE BY AROUND 4,000 ROLES OVER THE NEXT TWO YEARS

  • JLR HEADCOUNT REDUCTION IS NOT EXPECTED TO IMPACT DIRECT MANUFACTURING JOBS

  • JLR IS TARGETING APPROXIMATELY £1.7 BLN OF SAVINGS OVER NEXT TWO YEARS

  • JLR TARGETS £1.7 BLN SAVINGS OVER NEXT TWO YEARS

  • PROGRAM WILL REDUCE ORGANISATIONAL COMPLEXITY, AND UNDERPIN COMMITMENT TO INVEST BETWEEN £15-18 BLN IN ELECTRIFICATION


Further company coverage: TAMO.NS


((Reuters.Briefs@thomsonreuters.com;;))

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