Jaguar Land Rover To Shed Thousands Of Jobs To Cut Spending As Challenges Mount

Jaguar Land Rover will offer voluntary redundancies up to 4,000 employees over the next two years, according to a new report. (Credit: Getty Images)

Jaguar Land Rover will offer voluntary redundancies up to 4,000 employees over the next two years, according to a new report.

British outlet The Times noted that the decision is a result of multi-pronged pressures, including competitions from Chinese manufacturers, a cyberattack and tariffs imposed by the Donald Trump administration.