Jaguar Land Rover’s factory in Castle Bromwich is now going to remain closed until August this year – according to a report from Sky News. JLR’s other plants in Solihull already reopened in April so Castle Bromwich will be the last major JLR factory to reopen again.
Castle Bromwich makes the Jaguar XE, the XF and the new F-Type. JLR has 2,000 employees who work for the company from this factory and the extended closure of the factory has been pointed towards the car industry struggling as a whole. We reported this week that Aston Martin is making jobs cuts as is Bentley and McLaren is having a company restructure.
To help get JLR through this difficult time, the company has agreed a loan from Chinese lenders of around £550 million.