Jaguar Land Rover Going Ahead With UK Plant

By By: Vicky.in

Published: Wednesday, October 20, 2010, 15:08 [IST]

The UK plant of Jaguar Land Rover has made a truce with the protesting employees unions and has made the step to carry over the UK plant. The move was earlier to shut the plant which would have rendered thousands of employees jobless. The decision to close the plant in 2014 was taken in last September, as a measure to face the continuing economic downfall of the company.

The firm is currently owned by the Indian car maker Tata Motors and it has announced that all the three facilities in the UK- Castle Bromwich, Solihull and Halewood - will be retained as a result of an agreement pact made with the unions. The deal with the labors includes an increase of pay by 5 percent this November and 3 percent rise in next November.

Any new appointed labor would receive only less wage, less overtime incentive. However, the existing performance based incentive on salary rise will continue, the company said.

With the consequence there will be an increase of ranges and models as well as labors numbering to 1500. all these steps would end up with the designing of new Range Rover Evoque. The Chief of JLR said that the agreement would pave way for advancing towards the next phase of growth and global market expansion. JLR came to the fold of Tata Motors some two years ago on the deal of .3 billion.

Now the sale figure of JLR is 57153 units against 35,947 units of last year. This hiked the net revenue to 81 percent from Rs8508 crore to Rs.15387 crore. From this, the pre-tax gain was Rs1683 crore against Rs873 crore yielded a last year. Tata Motors is scheduling to launch new models and ranges in the wake of gradual relief from the recession phase. The launches will include a station wagon, an entry-level for the developing markets and a new roaster.

Article Published On: Wednesday, October 20, 2010, 14:44 [IST]

Read more on: #automobile #jaguar #tata motors

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