UK based car companies Jaguar and Land Rover, which were acquired by Tata Motors last year, are planning more layoffs and an extended shut down at their three plants. Sales at JLR fell drastically over the past year, leading Tata Motors to its first annual loss in seven years. The company suffered a loss of 522 million dollars, following which it announced that JLR would see massive cost-cutting in the near future. JLR currently employs approximately 15,000 people in the UK. Tata Motors has still not been able to convince the UK government to provide a loan guarantee to help the brands recover.
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