Jaguar Land Rover expects to cut back its world salaried workforce by about 2,000 individuals within the subsequent monetary yr because the UK automaker cuts prices beneath a brand new CEO Thierry Bollore.

The Tata Motors -owned firm has began briefing staff about plans for a reorganization, it stated in an emailed assertion Wednesday.

JLR introduced a 2.5 billion-pound ($3.5 billion) annual price range for funding in electrification and associated applied sciences earlier this week and stated the Jaguar brand will go entirely electric by 2025.

Ditching inside combustion engines will probably be a tall order for Bollore, the previous CEO of Renault who joined JLR in September.

The corporate’s solely full-electric automobile is the Jaguar I-Tempo SUV, and gross sales have been disappointing. JLR didn’t adjust to Europe’s carbon-dioxide emissions guidelines final yr and put aside 35 million kilos for anticipated fines.

JLR has 37,000 staff, together with about 30,000 within the UK. The corporate stated its reorganization is not going to have an effect on hourly manufacturing employees.