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Jaguar Land Rover to restart some production ‘in coming days’
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Jaguar Land Rover to restart some production ‘in coming days’Keir Starmer trumpeted the recently ratified UK-US trade deal at the Jaguar Land Rover plant (Photo by Kirsty Wigglesworth – WPA Pool / Getty Images)Jaguar Land Rover will restart some of its manufacturing operations in the coming days, the carmaker has said, over a month after it was forced to shut down its plant to deal with a brutal cyber attack that has left dozens of its suppliers on the brink of failure.
“Today we are informing colleagues, retailers and suppliers that some sections of our manufacturing operations will resume in the coming days,” the statement said.
A commercial bank will provide the capital for the loan to Jaguar Land Rover, which the automaker will then allocate to suppliers most in need.
“Going forward, there is a real risk of moral hazard,” he added.
It is understood the firm will opt for a phased restart, and it could be several weeks before production lines are operating at full capacity.