Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
The UK-based car manufacturer Jaguar Land Rover (JLR), a subsidiary of Tata Motors, has announced that it will cut 2,000 non-factory jobs worldwide in the following financial year.
The company motivates the jobs' cut and the cost-saving measures as necessary 'to become an agile organisation', also in view of the recently announced 'Reimagine' plan to achieve net zero carbon emissions across the supply chain, products and operations by 2039.
Additionally, JLR is continuing its transition to the production of electric vehicles while trying to retain the feeling and power of a luxury combustion engine model; JLR declared that it would produce only electric cars by 2025. Under the plan ‘Reimagine’, the company is to invest GBP 2.5 billion (€2.9 billion) annually.
JRL, owned by India’s Tata Motors, has almost 40,000 employees globally. The company has factories in the UK, Slovakia, India, China and Brazil.
Eurofound (2021), Jaguar Land Rover , Internal restructuring in World, factsheet number 103743, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/103743.