Mumbai: Tata Motors may consider more job cuts and plant shutdowns for the Jaguar and Land Rover unit, a top official said on Friday.
"There has already been 2,000 job losses. We may be looking at more job losses, more plant shutdowns," Vice Chairman Ravi Kant told a news conference, adding it would depend on how the market situation evolved.
Earlier, Tata Motors reported a consolidated net loss for the year ended March 2009 of Rs 25.05 billion ($520 million) versus net profit of Rs 21.68 billion a year ago.
The Jaguar and Land Rover unit made a loss before tax of £ 281 million ($463 million) in the 10 months of the 2008/09 fiscal year that they were on the books of India's Tata Motors, CFO C Ramakrishnan told a media conference on Friday.
(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)
More on IBNLive Right Now
TOP NEWS
MOST SHARED
PHOTOGALLERY
