Connect with us

Business

MPs write to business secretary over JLR supply chain jobs

Published

on

MPs write to business secretary over JLR supply chain jobs


Richard PriceWest Midlands

UK Parliament A portrait image of a woman with blonde hair and light blue eyes, taken across a dark grey backdrop.UK Parliament

Antonia Bance is the Labour MP for Tipton and Wednesbury and a member of The Business and Trade Committee

About 30,000 people are employed directly by JLR, with a further 200,000 working in the firm’s supply chain.

Antonia Bance – Labour MP for Tipton and Wednesbury and also a member of the Business and Trade Committee – is among the MPs to have written to the business secretary.

She said they were trying to make sure that there was attention on the matter and that the risk to jobs in the supply chain was properly understood.

JLR bosses were limited in what they were able to say, she said, although MPs had received briefings from the firm, but they had not included how long the situation would last.

Getty Images A black Range Rover is at the front of a factory production line that has a metal walkway running alongside the vehicles that are in a queue on the right of the picture.Getty Images

The MPs have not been given any indication from JLR as to how long the knock-on effects of the cyber attack will last

She said she was hearing from supply-chain firms that said they were experiencing cash-flow problems.

This meant some firms were left unsure whether or not they could continue employing staff.

“A number of the plants in my area have sent all of their staff home and stopped production” Bance said.

“Most of them are continuing to pay their staff, but obviously that’s a real financial strain on these sometimes quite small businesses, particularly when there is no end in sight.”

Firms had gone to their own lenders and had been able to extend their overdraft facilities, she added.

JLR had been considering what it could do to support the supply chain, but Bance believed the government could help with a furlough scheme or by guaranteeing loans.

‘Proud industry’

This would help save jobs and skills in the region, she added.

“We are not talking about businesses who are otherwise in trouble, we’re talking about businesses who are thriving, who are looking to take on more staff, and if this cyber attack hadn’t happened would be running up towards Christmas at full tilt,” Bance said.

It would be “completely understandable” if people starting looking for other jobs if they did not feel firms could continue employing them, she added.

Tata, which owns JLR, should be doing “absolutely everything they can, including financial help,” to ensure the supply chain survived, she said.

“I do think there’s a responsibility on the owners, but I do also think that if we want to be a country that makes things again, if we are proud of our industry – and here in the West Midlands we could not be more proud of what we make and what we sell around the world – government may have to step in.”

Minister for industry Chris McDonald said he had met with West Midlands mayor Richard Parker as well as JLR bosses to discuss their plans and would meet with supply chain businesses in the coming days.

“We know this is a worrying time for those affected, and although Jaguar Land Rover are taking the lead on support for their own supply chain, our cyber experts continue to support them to resolve the issue as quickly as possible,” he said.

The signatories to the letter included:

West Midlands

  • Antonia Bance MP
  • Alex Ballinger MP
  • Chris Bloore MP
  • Laurence Turner MP
  • Sureena Brackenridge MP
  • Sarah Edwards MP
  • Josh Newbury MP
  • Gurinder Singh Josan MP
  • Sonia Kumar MP
  • John Slinger MP
  • Valerie Vaz MP
  • Preet Kaur Gill MP
  • Warinder Juss MP
  • Liam Byrne MP
  • Jodie Gosling
  • Cat Eccles MP
  • Dr Allison Gardner MP
  • Tahir Ali MP
  • Jacob Collier MP
  • Rachel Taylor MP
  • Matt Western MP
  • Gareth Snell MP

Merseyside

  • Derek Twigg MP
  • Anneliese Midgley MP
  • Kim Johnson MP
  • Maria Eagle MP
  • Bill Esterson MP
  • Peter Dowd MP
  • Ian Byrne MP
  • Paula Barker MP
  • Marie Rimmer MP



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

JustEat and Autotrader among firms investigated in fake reviews probe

Published

on

JustEat and Autotrader among firms investigated in fake reviews probe



The UK’s competition watchdog says it is looking at five firms in its investigation into misleading online reviews.



Source link

Continue Reading

Business

Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India

Published

on

Gold price today (March 25, 2026): How much 24K and 22K gold cost in Delhi, Mumbai & more- Check rates – The Times of India


Gold futures traded higher on the Multi Commodity Exchange (MCX) on Friday with key contracts registering gains of up to 1.6 per cent amid firm buying interest and supportive global cues.The April 2026 gold contract rose by Rs 2,290, or 1.64 per cent, to trade at Rs 1,41,783 per 10 grams. The contract moved between an intraday low of Rs 1,40,287 and a high of Rs 1,42,800. The June 2026 contract, which saw higher trading activity, gained Rs 1,921, or 1.35 per cent, to Rs 1,44,435 per 10 grams. During the session, it touched a low of Rs 1,43,652 and a high of Rs 1,45,773. Meanwhile, the August 2026 contract advanced by Rs 1,480, or 1.02 per cent, to Rs 1,47,100 per 10 grams, with an intraday range of Rs 1,47,040 to Rs 1,48,600.Here is how gold prices stand across major cities today:

Gold price in Delhi today

Gold prices in the national capital declined, with 24K gold quoted at Rs 14,486 per gram, down Rs 218, while 22K gold slipped Rs 200 to Rs 13,280 per gram.

Gold price in Mumbai today

Mumbai bullion markets also saw a drop, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, lower by Rs 200.

Gold price in Chennai today

Chennai recorded a sharper decline, with 24K gold selling at Rs 14,651 per gram, down Rs 262, while 22K gold dropped Rs 240 to Rs 13,430 per gram.

Gold price in Kolkata today

In Kolkata, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold stood at Rs 13,265 per gram, lower by Rs 200.

Gold price in Hyderabad today

Hyderabad markets reflected a similar trend, with 24K gold priced at Rs 14,471 per gram, down Rs 218, and 22K gold at Rs 13,265 per gram, slipping Rs 200.

Gold price in Bangalore today

In Bangalore, 24K gold was quoted at Rs 14,471 per gram, down Rs 218, while 22K gold was selling at Rs 13,265 per gram, lower by Rs 200.

Gold price in Ahmedabad today

Ahmedabad bullion markets showed declines, with 24K gold at Rs 14,476 per gram, down Rs 218, while 22K gold fell Rs 200 to Rs 13,270 per gram.

Gold price in Lucknow today

In Lucknow, 24K gold was priced at Rs 14,486 per gram, down Rs 218, while 22K gold moved lower by Rs 200 to Rs 13,280 per gram.

Gold price in Patna today

Patna markets also recorded weaker rates, with 24K gold quoted at Rs 14,476 per gram, down Rs 218, and 22K gold at Rs 13,270 per gram, lower by Rs 200.

Gold price in Jaipur today

In Jaipur, 24K gold was quoted at Rs 14,486 per gram, down Rs 218, while 22K gold stood at Rs 13,280 per gram, down Rs 200.



Source link

Continue Reading

Business

Consumer confidence hit by ‘ripple of fear’ over Iran war

Published

on

Consumer confidence hit by ‘ripple of fear’ over Iran war



A key survey indicates growing doubt among shoppers over prospects for the UK economy in the next year.



Source link

Continue Reading

Trending