India, Sept. 6 -- Jaguar Land Rover has opened a voluntary redundancy programme as it looks to cut costs and simplify its business. The programme gives salaried employees and management team members the option to leave the company. JLR said it has already informed employees and trade union partners about the plan.

Reports suggest the company could cut up to 4,000 jobs in the UK over the next two years. The Times reported that JLR is expected to formally announce a major redundancy programme, with the job losses spread across two years.

JLR has not publicly confirmed the figure of 4,000 job cuts. The company has confirmed the voluntary redundancy programme but said it would provide more information to employees first. The company is unde...