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Jaguar to shut one Midlands plant Jaguar to shut one Midlands plant
(10 minutes later)
Jaguar Land Rover has said it will close one of its plants in the West Midlands after 2014.Jaguar Land Rover has said it will close one of its plants in the West Midlands after 2014.
The firm is considering the closure of either its Castle Bromwich plant in Birmingham or its factory in Solihull.The firm is considering the closure of either its Castle Bromwich plant in Birmingham or its factory in Solihull.
There will be no job losses in the short term because of an agreement between unions and the company, which is owned by Indian giant Tata.There will be no job losses in the short term because of an agreement between unions and the company, which is owned by Indian giant Tata.
BBC chief economics correspondent Hugh Pym said Jaguar Land Rover was seeking to consolidate its operations.BBC chief economics correspondent Hugh Pym said Jaguar Land Rover was seeking to consolidate its operations.
Although one plant will close, about 800 new jobs will be created at Halewood on Merseyside. It currently employs 14,500 people.
Although one plant will close, about 800 new jobs will be created at its Halewood plant on Merseyside.
Last month, Tata announced that it had secured private funding for Jaguar Land Rover and would not need government support.