More job losses likely at JLR, say Tata Motors

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posted on 15 years ago — updated on 1 second ago

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There has already been 2,000 job losses in the Jaguar and Land Rover units.

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 Rs 25.05 billion ($520 million) versus net profit of Rs 21.68 billion 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.