Jaguar Land Rover moved to a four-day per week production schedule in August, the British Broadcasting Corp. reported Thursday.

The new cuts come amid reports the company is seeking a $1.5 billion loan from the government, the BBC reported. In announcing the cuts, the car maker said it was facing "unprecedented trading conditions."

Jaguar Land Rover said, "it had to take responsible and rapid action for the challenging environment it faces."

The company, which was bought by Indian motor maker Tata in March, employs about 16,000 workers, the BBC said.