JLR opens voluntary departure plan, targets £1.7bn savings after cyberattack

Jaguar Land Rover, owned by Tata Motors, announced a voluntary departure program as part of a cost-saving plan targeting £1.7 billion over two years, citing global market conditions and the need to simplify operations. The move follows a cyberattack a year ago, though the link to the attack is not explicit. This signals restructuring pressure in the auto sector, potentially affecting Tata Motors' stock and reflecting broader industry cost-cutting.