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30. June 2009

IN - Slowdown signs - TATA Motors warns of more job cuts at Jaguar and Land Rover

It is reported that India’s TATA Motors warned more jobs could go at its luxury British marques Jaguar and Land Rover because of the global economic downturn.

Mr Ravi Kant vice chairman of TATA Motors said Jaguar Land Rover global sales for the 10 months ending March 2009 fell by 32% to 167,000 vehicles from 246,000 the previous year.

Mr Kant said “At this moment, things are beginning to improve only marginally. There may be more job losses and more shut downs of plants if required.”

He did not go into any specifics about where the job cuts and closures could occur but said the prestige marques were not an exception to the effects of the global economic downturn.

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