Archive for January 14th, 2009
Jaguar Land Rover cuts 450 staff
Jaguar Land Rover has announced it is cutting 450 staff.
Three hundred managers will be made redundant while 150 salaried agency staff will also lose their jobs.
The firm, which was bought by Tata from Ford for £1.7bn last year, said the action was to combat the credit crunch and a "severe reduction in demand".
Based [...]
Posted: January 14th, 2009 under Manufacturing News.
Comments: none
AP Driveline and LDV add to the auto industry crisis
The crisis engulfing the West Midland car-making industry deepened as clutch manufacturer AP Driveline went into administration and vanmaker LDV said it was delaying paying bills.
The future of hundreds of companies seems to hang on an announcement expected from the government on Wednesday about a multi-billion scheme to restore credit to manufacturers and suppliers whose [...]
Posted: January 14th, 2009 under Manufacturing News, Steel News.
Comments: 2