The unions calling for Covid ear support are hilarious when the business has billions in cash on hand. If they want to maintain their supply chain / operations its time to pay up.
Remember when bad businesses could make crappy decisions are just go under? No me neither.
steve_gh•4mo ago
There are estimated to be ~100k people employed in the JLR supply chain, mainly in the West Midlands with another ~60k jobs directly dependent on supply chain worker spending (source: https://www.bbc.co.uk/news/articles/cn82edrrknjo). Many of the companies in the supply chain are heavily dependant on their JLR contracts. The UK Govt is looking at various options to ensure the supply chain don't go bankrupt because JLR have suddenly stopped buying. UK Givt is looking at how to support the Tier 1 supply chain, including options such as purchase of JLR parts to keep the factories working, and direct loans to the supply chain to keep their cashflow going.
From a strategic perspective, there is no way that any UK Govt could allow that sort of gutting of its manufacturing capabilities, especially given the current hybrid war with Russia.
pjc50•4mo ago
Possibly, but it remains the case that Tata should pay for it. Perhaps a ban on issuance of dividends or stock buybacks until the support is repaid? And that needs to apply across the Tata group to avoid it being simply reshuffled.
kentrado•4mo ago
You are conflating JLR and the suppliers.
They are different businesses.
JLR has enough money and will be fine. That's not the issue. The unions are talking about the small businesses down the chain.
lifestyleguru•4mo ago
When you want security, but also want cheap security, and also want someone else to be responsible for it. Basically you only want the side of running business where you spend all the time on private yacht.
tonyedgecombe•4mo ago
They outsourced their IT systems to Tata, the company that owns them.
lifestyleguru•4mo ago
So all my three points are valid.
yahoozoo•4mo ago
Looked up their parent company, Tata. Instantly explained everything I needed to know as to why JLR got hacked.
swarnie•4mo ago
Remember when bad businesses could make crappy decisions are just go under? No me neither.
steve_gh•4mo ago
From a strategic perspective, there is no way that any UK Govt could allow that sort of gutting of its manufacturing capabilities, especially given the current hybrid war with Russia.
pjc50•4mo ago
kentrado•4mo ago
They are different businesses.
JLR has enough money and will be fine. That's not the issue. The unions are talking about the small businesses down the chain.