NEW DELHI: Jaguar Land Rover (JLR) has said it will trim its global salaried workforce by about 2,000 people in the next financial year as the UK automaker cuts costs under new CEO Thierry Bollore.

The Tata Motors-owned company released a statement saying that a "full review of the Jaguar Land Rover organisation is already underway" and it has started briefing employees about the reorganisation plans.

JLR announced a £2.5 billion ($3.5 billion) annual budget for investment in electrification and related technologies earlier this week and said the Jaguar brand will go entirely electric by 2025.

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

The company’s only full-electric vehicle is the Jaguar I-Pace SUV, and sales have been disappointing. JLR failed to comply with Europe’s carbon-dioxide emissions rules last year and set aside 35 million pounds for expected fines.

JLR has almost 40,000 employees worldwide, including about 30,000 in the UK. The automaker has plants in the West Midlands area of England as well as facilities in Slovakia, India, China and Brazil.

The company said its reorganisation will not affect hourly manufacturing workers.