Jaguar Land Rover To Close Factory

(Press Association) – CAR GIANT JAGUAR LAND ROVER has said it is to close one of its UK plants in changes outlined to workers.

The firm said it will decide next year whether to close its factory at Castle Bromwich in the West Midlands, which makes Jaguars, or its site at Solihull, which makes Range Rovers.

The company said there will be no compulsory redundancies involved in the closure, adding that up to 800 new jobs are to be created at Halewood on Merseyside because of a decision to build a new Range Rover.

The firm, owned by Indian giant Tata, employs around 5,000 workers in Solihull, 2,000 in Castle Bromwich and 1,800 at Halewood.

Jaguar Land Rover gave details of a new business plan it said was designed to increase its global competitiveness significantly, drive growth and sustained profitability, and respond to the challenges of climate change.

‘The plan includes decisive actions to see through the next 12-18 months as markets recover and positions the company to grow and prosper in the future.

‘It includes a new and expanded range of products and environmental technology, delivered through streamlined and competitive costs and a new manufacturing strategy,’ the firm said in a statement.

Chief executive David Smith said: ‘This is a plan that recognises the impact the economic collapse has had on our business, and at the same time the opportunities that lie ahead for these two great brands.’

The company has already responded to the downturn over the past year by cutting production by 100,000, axing 2,500 jobs, freezing pay and cancelling bonuses.

‘This was not enough to offset the full magnitude of the downturn and the company swung from profit in 2007 to significant losses over the past 12 months,’ Smith said.

%d bloggers like this: