Tata-owned Jaguar Land Rover (JLR) have cut production of the utility vehicle and re-deploy about 300 workers in the UK.According to a report in The Sunday Telegraph, two shifts have been lost at Solihull, the main production center, and three will be cut next month at the Halewood factory on Merseyside, where the Jaguar X-Type is assembled. JLR has also transferred about 300 staff from Solihull to the Jaguar production line at Castle Broomwich because there is no work for them, the report said.Tata Motors has backed JLR’s four-year investment and model programme as well as 700 million pounds outlay on environmentally friendly technologies, coupled with the recruitment of 600 engineers.The Indian motor giant has, however, been forced to ditch the rights issue planned to help finance the 1.15 billion pounds paid to Ford for JLR because of share price weakness. It will look at asset sales as an alternative.The uncertainties about the outlook at Land Rover will slow the recovery in JLR profits. Last year, Land Rover accounted for all of JLR’s $650 million profits and almost all of the first quarter’s $421 million.
