Jaguar Land Rover Resumes UK Production After Month-Long Cyberattack Disruption
Jaguar Land Rover Resumes UK Production After Month-Long Cyberattack Disruption

Jaguar Land Rover Resumes UK Production After Month-Long Cyberattack Disruption

News summary

Jaguar Land Rover (JLR) is gradually restarting production at its UK manufacturing facilities following a cyberattack in late August that halted operations for over a month and caused significant financial losses. Production is resuming first at the Wolverhampton engine plant, with other sites including stamping plants in Castle Bromwich, Solihull, and Halewood to follow in a phased manner over several weeks. JLR has introduced a new financing scheme to provide upfront payments to struggling suppliers, aiming to support their cash flow during the recovery period. The cyberattack also impacted JLR's international plants and its supply chain, which employs approximately 200,000 people, many of whom have faced disruptions and reduced pay. The British government has stepped in with a £1.5 billion loan guarantee to assist JLR and its suppliers amid the crisis. Despite the restart, full production levels are expected to take weeks to return to pre-attack capacity, with the company avoiding firm deadlines due to previous false starts.

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