In the latest news, Tata Motors have warned that it may have to cut jobs after Jaguar Land Rover has reported a loss of 280 million Pounds covering ten months. Furthermore, Tata also revealed that more shutdowns are possible at Jaguar Land Rover’s facilities in Castle Bromwich, Coventry and Solihull. To date, Tata has lost 2000 jobs and they are expecting more jobs to be lost and more facilities closed down. There are at present about 14,500 workers at Jaguar Land Rover, with 450 redundancies created since the year began. Jaguar and Land Rover sales fell 32 percent in ten months ending in March 31. Last year they sold 246,000, while they only managed to sell 167,000 this year. The reported 280 million Pound loss fell under the same period when Jaguar Land Rover came under Tata’s ownership. The company is currently in talks with the UK government concerning some kind of assistance It is remembered that Tata bought Jaguar Land Rover from Ford in June last year for 1.7 billion Pounds.

[via autocar]

Tags: car news, jaguar loss, jaguar news, land rover loss, land rover news

This entry was posted on Monday, June 29th, 2009 at 5:45 pm and is filed under 2009, 4wheels News, Automakers, Jaguar, Land Rover, U.K., Year, Zone. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.