Jaguar Land Rover (JLR) has revealed that approximately 3,000 employees have signed up for voluntary redundancy, as the company targets £1.7 billion in savings through a wider restructuring programme.
The British car manufacturer announced in September that it aimed to cut around 4,000 positions across its global workforce over the next two years, as part of a broader drive to reduce labour costs.
Programme 'strangely to plan'
In a Friday update, JLR's chief financial officer Richard Molyneux confirmed that approximately 3,000 members of staff had signed up to leave the business during the remainder of the financial year. The overwhelming majority are expected to have departed by the end of November.
Molyneux added that sufficient "expressions of interest and applications" had been received to fill the remaining 1,000 roles and meet the overall target.
"The programme has gone strangely according to plan. Not an awful lot has gone according to plan this year, but this programme has," Molyneux said.
"We are unfortunately going to see a large number of colleagues leave us and they all have experience and expertise. However we're very confident that the team that will be here at JLR, which remember is at least 80% of the people that are here already, have the talent and the skill to be able to take this car company forward. It's necessary that we get fit given what's going on in the world around us."
Financial recovery and upcoming models
Molyneux highlighted JLR's five forthcoming battery electric vehicles (BEVs), which he argued should bolster earnings while reducing the levels of capital expenditure the firm is currently committing. Three of those vehicles – the Range Rover Electric, Range Rover Sport Electric and Jaguar Type 01 – have already been unveiled, with deliveries set to commence in early 2027. The Range Rover GT and the new electric Defender are due to go on sale next year.
Newly-published results reveal a stronger financial performance for the business since last year's cyber attack. The company posted revenues of £5.9 billion for the three months to the end of September, a fifth higher than the corresponding period last year.
JLR also swung back to a profit before tax and exceptional items of £6 million for the quarter, reversing a loss of £134 million recorded during the same period in 2025. Last year's figures were severely undermined by a cyber attack that compelled JLR to suspend production across its UK plants from September 1, for five weeks. All of the group's manufacturing facilities, including sites in Solihull, West Midlands, and Halewood, Merseyside, halted operations before resuming in October.
JLR attributed the improvement in sales volumes and profitability this year to its recovery from the incident. However, the company warned that profit margins were anticipated to be marginally reduced for the full year "in light of ongoing market challenges, geopolitical risks and the exceptional costs recognised in the quarter". The firm highlighted a cost impact of £530 million, including restructuring expenses and the write-down of assets.
