Summary
Jaguar Land Rover (JLR) is restarting some production after a cyber-attack shut down its factories. The company is first reopening its Wolverhampton engine factory, but full production will take weeks to achieve. The UK government has offered a loan guarantee to help JLR's suppliers who were financially strained due to the shutdown.
Key Facts
- A cyber-attack forced JLR to stop production at its plants in the UK and other countries.
- JLR's Wolverhampton engine factory will be the first to resume operations.
- Full operations are expected to take several weeks to restart completely.
- The UK government is backing a £1.5 billion loan guarantee to support JLR suppliers.
- Suppliers have struggled financially, with some laying off workers due to cash shortages.
- The attack reportedly costs JLR about £50 million per week in lost production.
- About 30,000 people work directly for JLR, with approximately 200,000 employed in its supply chain.
- A group named Scattered Lapsus$ Hunters has claimed responsibility for the cyber-attack.
