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Market Chatter: Jaguar Land Rover Said to Cut 4,000 Jobs Amid Rising Costs, Weak Demand

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Tata Motors Passenger Vehicles' (NSE:TMPV, BOM:500570) Jaguar Land Rover Automotive is considering cutting up to 4,000 jobs to reduce costs amid weaker demand and rising expenses, Bloomberg News reported Sept. 5, citing a person familiar with the matter.

Jaguar Land Rover is expected to announce the cuts comprising about 10% of its workforce on Monday, the report added.

Jaguar Land Rover and Tata Motors did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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