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Tata Motors shares falls after JLR announces temporary job cuts at UK plant

Maintenance and salaried staff will continue as normal, the company said

Jaguar Land Rover  |  Jlr  |  Jobs


Shares of Indian automaker Tata Motors Ltd's fell on Friday after its British unit Jaguar Land Rover said it is going to cut 500 jobs temporarily at its plant in central England. Shares fell as much as 3.9 percent to 170.35 rupees, their lowest level since Oct. 29, in early trading session. More than 3.9 million shares changed hands by 0411 GMT, compared to the 30-day average of 15.8 million shares. The Engine Manufacturing Centre in Wolverhampton, central England will take a temporary pause in production, in response to adjustments in vehicle production schedules, ...

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First Published: Fri, November 30 2018. 10:00 IST