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 Sept 7 (Reuters) - 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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