David Prosser: Tata steps up a gear
Saturday 27 June 2009
Outlook: It Is difficult not to feel extremely nervous about the employment prospects of staff at Jaguar Land Rover. Parent company Tata admitted as much yesterday, warning that future job cuts are possible after unveiling a £280m loss at the company in its first 10 months of ownership.
The problem for JLR is that it's hard to see where any sales uplift is going to come from, despite a pretty positive reaction to the new Jaguar XF. Certainly not from the domestic market – there aren't going to be too many people trading in an old banger for a £2,000 scrappage voucher to put towards the cost of a new Jaguar, or even a Land Rover. And not from the international market either, where demand remains depressed by the global slowdown.
Still, like other car companies, Tata is playing a political card in talking so explicitly about the possibility of job losses at JLR. It is only a couple of months since talks stalled between the Government and Tata over financial support for the company – because of some unreasonable demands by ministers, the company let it be known – and the negotiations have not moved on much since then. Tata's public warning yesterday may just be an attempt to provide a little bit of impetus.
- 1 Scottish referendum: So how about the English now being given a chance to split from England?
- 2 Friends 20th anniversary: Alison Jackson photographs reunited cast
- 3 Friends 20th anniversary: The highs and lows of the cast's careers since 2004
- 4 The response to my Pizza Express review has been overwhelming, and taught me a lot about journalism
- 5 Free U2 album: How the most generous giveaway in music history turned into a PR disaster
Scottish independence: Despite defeat history may still point to Alex Salmond as the victor
Scottish independence referendum: Frankie Boyle reacts to nation's 'No' vote - 'To be fair, I've always hated Scotland'
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish referendum: Police struggle to control Unionist rally in Glasgow's George Square
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...