JLR Posts £451m Loss as 4,000 Job Cuts Hit Quarterly Results
Jaguar Land Rover reported a £451m loss for July to September after £530m in restructuring costs. Revenue rose to £5.9bn, and 3,000 of 4,000 planned job cuts are already agreed as voluntary redundancies, the company said.
Jaguar Land Rover (JLR) posts £451m loss for the July to September quarter, the Tata-owned carmaker said on Friday, November 13, 2026, as it counted the cost of cutting 4,000 jobs. Britain's largest automotive employer also saw sales fall in China and the Middle East.
Revenue rose to £5.9bn over the three months. JLR booked £530m in costs from the job cuts, which it announced near the end of that period amid tough trading conditions.
The company said it scraped into profit from operations once the restructuring costs were set aside.
Job cuts under way
JLR expects the vast majority of the 4,000 cuts to come through voluntary redundancies. It said 3,000 have already been confirmed, and most of those staff will leave at the end of November.
Many European carmakers are struggling as they face competition from Chinese rivals while investing in electric car production.
Call for UK-EU cooperation
JLR chief executive PB Balaji said the "onslaught of competition" from China meant the UK and EU should stop plans for new post-Brexit trade barriers on each other.
The car industry is lobbying both sides to delay "rules of origin" due on January 1. They threaten 10% tariffs on UK-EU electric cars that use batteries from Asia. The EU is also considering "made in Europe" rules that would lock UK-made cars out of subsidies.
"Now is the time for actually fostering this entire electrical ecosystem," Balaji said. "It's so important for us that we all hold hands, stick together and ensure that we get the system to evolve into the world of electrics."
He added: "We just need time to ensure all these plans start coming into fruition."
Electric push and US growth
JLR has started producing electric Land Rovers, beginning with the flagship Range Rover, built in Solihull in the West Midlands. Electric versions of the Range Rover Sport, Defender and Defender Sport will follow.
It also makes the luxury electric Jaguar Type 01. Balaji said the company is working on a new version of the Discovery.
The company previously targeted China for growth but wrote off billions in investments in 2019 as Chinese carmakers created massive overcapacity there. It now aims to grow in the US, where it is agreeing a deal for Chrysler owner Stellantis to build Land Rovers for the first time.
JLR was hit by a devastating hack last year.
