Jaguar Land Rover Plans Partial Production Resumption After Cyberattack Shutdown
Jaguar Land Rover Plans Partial Production Resumption After Cyberattack Shutdown

Jaguar Land Rover Plans Partial Production Resumption After Cyberattack Shutdown

News summary

Jaguar Land Rover (JLR) has announced a phased resumption of some manufacturing production after a cyberattack shut down operations at its UK plants and others globally since early September. The company has been working with cybersecurity specialists, UK government agencies, and law enforcement to safely restore its systems and manufacturing capabilities. The UK government has provided a £1.5 billion loan guarantee to support JLR and its supply chain, which includes around 700 suppliers and employs about 100,000 people, to help prevent business collapses amid the prolonged shutdown. JLR is also securing an additional £2 billion loan from global banks to strengthen its finances and clear a backlog of payments to suppliers. While the company acknowledges there is still significant recovery work ahead, it emphasizes that foundational recovery efforts are underway, with logistics centers already back to full operation. This is believed to be the first instance of government financial support directly related to a cyberattack on a UK company.

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Center 67%
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Last Updated
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