Jaguar Land Rover is reported to be planning to cut up to 4,000 jobs over the next two years.
It is reported Business Secretary Jonathan Reynolds will meet the bosses of Jaguar Land Rover (JLR) and the Unite union today.
JLR confirmed to the BBC it is opening a voluntary redundancy programme, a year on from a cyber-attack which brought production to a halt for more than a month.
The Times reported as many as 4,000 jobs may be lost due to the impact of tariffs and a drop in sales.
In a statement JLR said: “Over the past three years, we have strengthened our House of Brands and transformed our product portfolio for the next generation,” a JLR spokesperson said.
“As we deliver the next phase of our strategy, we need to adapt to evolving global market conditions while targeting approximately £1.7bn of savings over the next two years and reduce break-evens to 300,000 vehicles,” they said.
“To achieve this, we must further simplify our organisation, improve efficiency and build greater resilience,” it said.
