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JLR may see more job losses, says Tata Motors

JLR may see more job losses, says Tata Motors
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First Published: Fri, Jun 26 2009. 08 40 PM IST
Updated: Fri, Jun 26 2009. 08 40 PM IST
Mumbai: Tata Motors may consider more job cuts and plant shutdowns for the Jaguar and Land Rover unit, a top official said on Friday.
“There has already been 2,000 job losses. We may be looking at more job losses, more plant shutdowns,” vice chairman Ravi Kant told a news conference, adding it would depend on how the market situation evolved.
Earlier, Tata Motors reported a consolidated net loss for the year ended March 2009 of Rs2, 505 crore ($520 million) versus net profit of Rs2, 168 crore a year ago.
The Jaguar and Land Rover unit made a loss before tax of £281 million ($463 million) in the 10 months of the 2008/09 fiscal year that they were on the books of India’s Tata Motors, CFO C. Ramakrishnan told a media conference on Friday.
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First Published: Fri, Jun 26 2009. 08 40 PM IST
More Topics: Auto | Tata Motos | Jaguar | Land Rover | Job Cuts |