JLR shutdown extended again as ministers meet suppliers
Summary
Jaguar Land Rover (JLR) has postponed restarting production until at least October 1 due to a cyber attack in August. The delay affects the company's supply chain, with the UK Business Secretary meeting suppliers to discuss how to support them and JLR. JLR's production halt has already cost about £120 million in profits and £1.7 billion in lost revenue.Key Facts
- JLR production stopped in late August because of a cyber attack.
- Production is now delayed until October 1, extending from an earlier date of September 24.
- Business Secretary Peter Kyle is meeting with JLR's suppliers to address their concerns and support needs.
- The production halt has cost JLR approximately £120 million in profits.
- JLR has lost about £1.7 billion in revenue due to the stoppage.
- Suppliers fear financial trouble as they deal with the production halt's impact.
- Industry Minister Chris McDonald is also involved in efforts to resolve these issues and support the supply chain.
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