Tuesday, Sep 22, 2020 | Last Update : 05:15 PM IST

182nd Day Of Lockdown

Maharashtra122438091634833015 Andhra Pradesh6317495518215410 Tamil Nadu5473374919718871 Karnataka5268764233778145 Uttar Pradesh3588932895945135 Delhi2492592133045014 West Bengal2283021989834421 Odisha184122149379763 Telangana1726081419301042 Bihar169856155824870 Assam159320129130578 Kerala13863398720554 Gujarat1247671051913337 Rajasthan116881972841352 Haryana113075908841177 Madhya Pradesh108167836182007 Punjab99930754092860 Chhatisgarh8618347653680 Jharkhand7267358543626 Jammu and Kashmir65026421151024 Uttarakhand4177729000501 Goa2875322726360 Puducherry2319118065467 Tripura2227215441245 Himachal Pradesh124387836125 Chandigarh102987411123 Manipur9010683859 Arunachal Pradesh7385540813 Nagaland5544445110 Meghalaya4733252838 Sikkim2447190529 Mizoram158510120
  Business   Companies  30 Nov 2018  Tata Motors falls; Jaguar Land Rover to temporarily cut jobs at UK plant

Tata Motors falls; Jaguar Land Rover to temporarily cut jobs at UK plant

REUTERS
Published : Nov 30, 2018, 10:23 am IST
Updated : Nov 30, 2018, 10:23 am IST

Tata Motors stock was the biggest percentage loser on the indexes and posted its biggest daily fall since Nov 13.

More than 3.9 million shares changed hands by 0411 GMT, compared to the 30-day average of 15.8 million shares.
 More than 3.9 million shares changed hands by 0411 GMT, compared to the 30-day average of 15.8 million shares.

Shares of Indian automaker Tata Motors Ltd’s fell on Friday after its British unit Jaguar Land Rover said it is going to cut 500 jobs temporarily at its plant in central England.

Shares fell as much as 3.9 per cent to 170.35 rupees, their lowest level since Oct 29, in early trading session. More than 3.9 million shares changed hands by 0411 GMT, compared to the 30-day average of 15.8 million shares.

 

The Engine Manufacturing Centre in Wolverhampton, central England will take a temporary pause in production, in response to adjustments in vehicle production schedules, Britain’s biggest carmaker Jaguar Land Rover said on Thursday.

The carmaker said the “external environment remains challenging” and the company is taking decisive actions to achieve the necessary operational efficiencies to safeguard long-term success.

Maintenance and salaried staff will continue as normal, the company said, adding that those affected will continue to receive full pay for the period.

Tata Motors stock was the biggest percentage loser on the indexes and posted its biggest daily fall since Nov 13.

 

Stock has lost nearly 59 per cent this year, as of last close on Thursday.

Tags: tata motors, jaguar land rover, jobs, uk plant, shares