JLR begins 'phased restart' of operations
Summary
Jaguar Land Rover (JLR) has started reopening its operations in phases after a cyber attack in August. The company is working to fix its IT systems and clear payment backlogs to suppliers while its factories remain closed. The government may support JLR's suppliers to prevent small businesses from going bankrupt.Key Facts
- JLR began a "phased restart" after a cyber attack disrupted its operations.
- The attack in August caused JLR to shut down its IT networks and halt production.
- Parts of JLR's IT system are now back online, helping with invoicing and sales.
- JLR factories are not expected to reopen until next month at the earliest.
- The government is considering supporting JLR suppliers to prevent bankruptcies.
- JLR's global parts logistics centre is returning to full operations.
- The company says restoring IT systems helps improve cash flow by allowing vehicle sales and registrations.
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