Core Points - Jaguar Land Rover (JLR) is extending the closure of its factories until October 1 due to a cyberattack that has paralyzed operations and affected smaller suppliers [1][3] - The company is reportedly losing tens of millions of pounds, with many of its 33,000 employees instructed to stay at home [1][4] - The UK government is prioritizing the restoration of JLR's operations and the long-term health of its supply chain [2] Company Impact - JLR produces approximately 1,000 cars per day across its three factories in Britain [1] - The shutdown is impacting the wider automotive supply chains, as indicated by a downturn in output reported in S&P Global's manufacturing sector survey [3] - JLR's production supports around 104,000 jobs in supply chains across the country [4] Government Response - British business minister Peter Kyle is scheduled to visit JLR to discuss support for the company and its supply chain [2] - The government is aware of the economic impact of the shutdowns and aims to keep the supply chain intact while saving jobs [2][4] - The Unite trade union has raised concerns about potential job losses and is calling for government support to maintain company solvency [4]
UK's Jaguar Land Rover cyberattack shutdown to hit four weeks
Yahoo Financeยท2025-09-23 07:48