Jaguar Land Rover (JLR) is set to cut nearly 300 jobs across its UK operations after last year's £1.9 billion cyber attack sent profits plunging from £2.5 billion to just £14 million and forced weeks of factory shutdowns.
The company confirmed the redundancies this week, saying the reductions will primarily affect salaried and management positions rather than production workers. While JLR has not identified the sites or departments affected, the move is expected to be closely watched in the West Midlands, where the company remains one of the region's largest private employers.