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Jaguar Land Rover reignites finances

The past few years have been tough for Jaguar Land Rover. The company is now owned by Indian based Tata, and its finances were thought it be at a minimum.

The past few years have been tough for Jaguar Land Rover. The company is now owned by Indian based Tata, and its finances were thought it be at a minimum. However, it has announced that the plans to close one of its UK factories have been removed. They claim that a “landmark pay and conditions settlement” was reached with its trade union.

Happily for the employees the news means a pay rise for five per cent of the workforce. And even better, Jaguar Land Rover will keep the Castle Bromwich, Solihull and Halewood plants for the foreseeable future.

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