There’s a looming threat of additional job cuts over at Jaguar Land Rover, especially after the company revealed that it has posted a loss worth £280 million (around $463 million) in 10 months. This development was confirmed by the automaker’s parent corporation, India-based Tata Motors.
Tata Motors released information that sales of Jaguar and Land Rover vehicles dropped by 32 percent over a period of 10 months up to the end of March. That’s a drop from 246,000 units to 167,000, which hardly makes the immense loss surprising.
“There has already been 2000 job losses. We may be looking at more job losses, more plant shutdowns,” said Jaaguar Land Rover vice chairman Ravi Kant in a Mumbai press conference. The company says that these job cuts could happen in the Castle Bromwich, Coventry and Solihull facilities.
Jaguar Land Rover is currently engaged in talks for some measure of financial aid from the British government. Maybe Tata can funnel some funds from their incredible Nano sales, yes?
Jul 02