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| Version 1 | Version 2 |
|---|---|
| Jobs warning at Jaguar Land Rover | Jobs warning at Jaguar Land Rover |
| (20 minutes later) | |
| More job cuts may be made at Jaguar Land Rover, after the carmaker reported a £280m 10-month loss, owner Tata Motors has warned. | More job cuts may be made at Jaguar Land Rover, after the carmaker reported a £280m 10-month loss, owner Tata Motors has warned. |
| Tata also said that further shutdowns were likely at Jaguar Land Rover's factories in Castle Bromwich, Coventry, Solihull and Halewood, Merseyside. | Tata also said that further shutdowns were likely at Jaguar Land Rover's factories in Castle Bromwich, Coventry, Solihull and Halewood, Merseyside. |
| Jaguar Land Rover currently employs 14,500 people, having made 450 redundancies at the start of the year. | Jaguar Land Rover currently employs 14,500 people, having made 450 redundancies at the start of the year. |
| Sales of Jaguar and Land Rover cars fell 32% in the 10 months to 31 March. | Sales of Jaguar and Land Rover cars fell 32% in the 10 months to 31 March. |
| The government has said that it is willing to help as it regards Jaguar Land Rover as a viable company with good long term prospects Government spokesman | |
| The number of vehicles sold fell to 167,000 from 246,000 a year earlier, as worldwide demand fell sharply due to the recession. | The number of vehicles sold fell to 167,000 from 246,000 a year earlier, as worldwide demand fell sharply due to the recession. |
| Tata said that while Jaguar Land Rover sales slumped "considerably" last year, one highlight had been "a very strong consumer response" to the Jaguar XF model. | Tata said that while Jaguar Land Rover sales slumped "considerably" last year, one highlight had been "a very strong consumer response" to the Jaguar XF model. |
| The £280m loss was for the same period to 31 March, which was Jaguar Land Rover's first 10 months under the ownership of India's Tata. | The £280m loss was for the same period to 31 March, which was Jaguar Land Rover's first 10 months under the ownership of India's Tata. |
| Government support | Government support |
| Jaguar Land Rover said the firm was continuing talks with the UK government about the possibility of some form of financial assistance. | Jaguar Land Rover said the firm was continuing talks with the UK government about the possibility of some form of financial assistance. |
| "The government has said that it is willing to help as it regards Jaguar Land Rover as a viable company with good long term prospects," said a spokesman for the Department for Business, Innovation and Skills. | "The government has said that it is willing to help as it regards Jaguar Land Rover as a viable company with good long term prospects," said a spokesman for the Department for Business, Innovation and Skills. |
| "We recognise that trading conditions for the car industry are difficult at the moment. | "We recognise that trading conditions for the car industry are difficult at the moment. |
| "Talks are progressing with Jaguar Land Rover and Tata over terms and arrangements of both the short and long term financing." | "Talks are progressing with Jaguar Land Rover and Tata over terms and arrangements of both the short and long term financing." |
| Tata's own losses | Tata's own losses |
| Tata bought Jaguar Land Rover for £1.7bn in June 2008 from Ford. | Tata bought Jaguar Land Rover for £1.7bn in June 2008 from Ford. |
| The warning about possible further job cuts at Jaguar Land Rover came as Tata reported its own losses. | The warning about possible further job cuts at Jaguar Land Rover came as Tata reported its own losses. |
| Tata made a net loss of $520m (£315m) in the year to 31 March, which includes the 10 month impact of Jaguar Land Rover. | Tata made a net loss of $520m (£315m) in the year to 31 March, which includes the 10 month impact of Jaguar Land Rover. |
| It was the firm's first annual loss for eight years. | It was the firm's first annual loss for eight years. |