Tata Motors layoffs, on the record
Every job cut, severance charge and restructuring Tata Motors reported in its annual reports, 2021 to 2023, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2021 | 75,278 | March 31, 2021 |
Job cuts, severance and restructuring
Our summaryJaguar Land Rover announced its Reimagine strategy, resulting in a restructuring charge comprising asset write-downs and other restructuring costs.
Word for word“As a result of shifting focus to the Reimagine strategy announced by our Jaguar Land Rover business in February 2021 a total of GBP1,486 million (Rs.149,943 million) was recorded in the fourth quarter of Fiscal 2021 comprising of non-cash write-downs of GBP952 million (Rs.96,061 million) for previously planned products (capitalized as property, plant and equipment and intangible assets) that will not be completed and GBP534 million (Rs.53,882 million) of other restructuring costs.” 20-F for 2021
Our summaryPermanent headcount fell, primarily due to voluntary early separations at Tata Motors, Jaguar Land Rover and Tata Daewoo.
Word for word“Our permanent employee headcount decreased by 4.6% as at March 31, 2021, to 75,278 employees from 78,906 employees as at March 31, 2020, primarily due to voluntary early separations that commenced in the third quarter of Fiscal 2021 at Tata Motors and Jaguar Land Rover and in Fiscal 2020-21 at Tata Daewoo.” 20-F for 2021
Our summaryTata Motors shut down the operations of BRAL.
Word for word“In Fiscal 2021, we decided to shut down the operations of BRAL.” 20-F for 2021
Our summaryRestructuring provision recorded at Jaguar Land Rover under the Reimagine strategy for settling legal and third-party obligations.
Word for word“This increase is mainly due to a restructuring provision of Rs.19,519 million made at Jaguar Land Rover under the Reimagine strategy towards settling legal obligations on work performed to date and other third-party obligations and an unfavorable foreign currency translation impact of Rs.16,811 million from GBP to Indian rupees.” 20-F for 2021
Tata Motors has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Tata Motors’s annual reports (20-F for 2023, 20-F for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2023-06-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.