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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. |
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. |