This article is from the source 'bbc' and was first published or seen on . The next check for changes will be

You can find the current article at its original source at https://www.bbc.com/news/articles/c62nv0xx32go

The article has changed 14 times. There is an RSS feed of changes available.

Version 0 Version 1
Government mulls financial support for JLR supply chain firms Government mulls financial support for JLR supply chain firms
(about 1 hour later)
The government is looking at ways to financially support the companies in Jaguar Land Rover's (JLR) supply chain, the BBC understands. The government is looking at ways to financially support the companies in Jaguar Land Rover's (JLR) supply chain.
JLR halted car production at the end of August after a cyber attack forced it to shut down its IT networks. Its factories remain suspended until next month at the earliest.JLR halted car production at the end of August after a cyber attack forced it to shut down its IT networks. Its factories remain suspended until next month at the earliest.
Fears are growing that some suppliers, in particular the smaller firms who solely rely on JLR's business, could go bust without support.Fears are growing that some suppliers, in particular the smaller firms who solely rely on JLR's business, could go bust without support.
One idea being explored is the government buying the component parts the suppliers build, to keep them in business until JLR's production lines are up and running again.One idea being explored is the government buying the component parts the suppliers build, to keep them in business until JLR's production lines are up and running again.
A Covid-style furlough scheme is also among the options being considered, sources have told the BBC. This option would see the government subsidising workers wages or providing government-backed loans to suppliers. Unions had called for a Covid-style furlough scheme, but ministers have ruled this out given its likely cost, sources have told the BBC.
However, ministers have ruled out a furlough scheme given its likely cost - and a desire to keep people working, rather than the opposite. Another option being considered is providing government-backed loans to suppliers, though this is understood to be out unpopular with suppliers.
The purchase and stockpiling of car parts by the government is also an option on the table, but this would present considerable logistical challenges.
JLR's manufacturing process relies on the right part arriving at the right place, at the right time.
However, industry experts agree doing nothing risks firms in the supply chain, which employs tens of thousands of workers, facing bankruptcy.
The Business and Trade Select Committee is due to meet on Thursday afternoon to hear testimonies from businesses in JLR's supply chain.The Business and Trade Select Committee is due to meet on Thursday afternoon to hear testimonies from businesses in JLR's supply chain.
This evidence will be shared with the government afterwards.
Sign up for our Politics Essential newsletter to read top political analysis, gain insight from across the UK and stay up to speed with the big moments. It'll be delivered straight to your inbox every weekday.Sign up for our Politics Essential newsletter to read top political analysis, gain insight from across the UK and stay up to speed with the big moments. It'll be delivered straight to your inbox every weekday.