India Watch : TML’s Kant says more JLR jobs might be at risk

Automotive News Europe/Reuters, 26th June, 2009

MUMBAI (Reuters) – India’s Tata Motors may consider more job cuts and plant shutdowns for the Jaguar and Land Rover unit, a top official said on Friday.

“There has already been 2,000 job losses. We may be looking at more job losses, more plant shutdowns,” Vice Chairman Ravi Kant told a news conference, adding it would depend on how the market situation evolved.

Earlier, Tata Motors reported a consolidated net loss for the year ended March 2009 of 25.05 billion rupees ($520 million) versus net profit of 21.68 billion rupees a year ago.

The Jaguar and Land Rover unit made a loss before tax of 281 million pounds ($463 million) in the 10 months of the 2008/09 fiscal year that they were on the books of India’s Tata Motors, Chief Financial Officer C. Ramakrishnan told a media conference on Friday.

[Source: Automotive News Europe/Reuters]

Clive Goldthorp

About the Author:

Clive claims that his interest in the BMC>MG story dates back to his childhood in the 1960s when the family’s garage premises were leased to a tenant with an Austin agency. However, back in the 1920s and 1930s, his grandmother was one of the country’s first female Garage Proprietors so cars probably run in his genes! Admits to affairs with Alfa Romeos, but has more recently owned an 06/06 MG TF 135 and then a 15/64 MG3 Style… Clive, who was AROnline’s News Editor for nearly four years, stood down from that role in order to devote more time to various Motor Racing projects but still contributes articles on as regular basis as his other commitments permit.

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