The UK government has ruled out financial support for Jaguar Land Rover as the carmaker prepares to cut jobs amid rising costs, weaker sales, US tariffs and growing competition from Chinese automakers.
JLR is expected to cut around 4,000 positions, equivalent to roughly 10% of its global workforce, over the next two years, according to a Times report. The UK’s largest carmaker is looking to reduce costs and restructure its operations as changing market conditions put pressure on its business.
