You are here: Home » Companies » News
Business Standard

Tata Motors assures UK PM May of JLR commitment despite brexit row: Report

The report comes amid reports of JLR being forced to make job cuts, shedding more than 1,000 agency staff and putting 2,000 workers at its Castle Bromwich plant

Press Trust of India  |  London 

Jaguar Land Rover, jlr
File photo: More than 40,000 workers are employed by Jaguar Land Rover in the UK

Jaguar Land owner has reportedly assured of the company's commitment to Britain's despite the ongoing turmoil of

According to 'The Sunday Times', is understood to have written to the British to stress that the plans to keep investing in and has no intention of selling the firm.

The newspaper quoted sources as saying that the letter was designed to reassure ministers in about its long-term commitment to the as it seeks government support for electric and driverless technology, and for building a battery factory in the region of England.

The report comes amid reports of being forced to make job cuts, shedding more than 1,000 agency staff and putting 2,000 workers at its in the West on a three-day week.

has made regular interventions to warn against a "hard Brexit", or crashing out of the (EU) without a good deal in place, which would adversely hit the car maker's and sales.

The had acquired the iconic British from in 2008 for USD 2.3 billion, reviving its sagging fortunes to a profitable company employing 40,000 staff. However, falling diesel sales, waning consumer confidence, a collapse in the Chinese market and contingency planning have wreaked havoc in recent months.

The Midlands-based company racked up half-year losses of 354 million pounds between March and September, reversing profits of 953 million pounds for the same period a year earlier.

The declined to comment on the letter quoted in media.

First Published: Sun, December 23 2018. 18:55 IST
RECOMMENDED FOR YOU