India, Jan. 10 -- The British company Jaguar Land Rover, which is owned by Indian conglomerate Tata, said it plans to reduce global workforce by around 4,500 people. This is in addition to the 1,500 who left the company during 2018. The next phase of this transformation programme will begin with a voluntary redundancy programme in the UK.
Jaguar Land Rover outlined the next phase of 'Charge and Accelerate', the company's ongoing transformation programme to deliver 2.5 billion pounds in cost reductions and cashflow improvements over 18 months as well as long-term strategic operating efficiencies.
The company said, "So far, the 'Charge and Accelerate' programme has identified over £1bn of improvements, with more than £500mn alread...