@itvnews: Jaguar Land Rover (JLR) has announced it will cut 4,000 jobs in an effort to save £1.7 billion over the next two years. PB Balaji, CEO of JLR said, "Through our Growth Reimagined strategy, JLR is moving decisively to strengthen our competitiveness and position the business for long-term success. As part of this transformation, we will reduce our global workforce. We recognise this will be difficult news for colleagues affected, and are committed to supporting everyone with care, fairness and respect." Downing Street said the job losses meant an “uncertain and concerning time” for workers and showed the impact of “challenging” global market conditions for the automotive industry. #business #cars #westmidlands #coventry