"Jaguar Land Rover has not drawn down any of a 1.5bn loan facility guaranteed by the government, with suppliers expressing anger over ministers' claims to have supported the carmaker's supply chain after a crippling hack. Britain's biggest automotive employer was forced to shut down all of its wholly owned factories from 1 September for more than a month, after cyber-attackers compromised key computer systems."
"JLR was able to restart limited production only in early October. It has since been focusing on ramping up output, with a full rate of production expected by early December. The shutdown caused chaos in the UK automotive industry, which was already under pressure after an extended period of low demand. Suppliers laid off thousands of workers to save cash,"
Jaguar Land Rover has not drawn down any of a 1.5bn government-guaranteed loan facility, while suppliers have expressed anger over ministers' claims of supporting the supply chain after a crippling hack. The carmaker shut all wholly owned factories from 1 September for more than a month after cyber-attackers compromised key systems. Parliament's business committee chair asked the business secretary whether any money reached JLR and whether aid was requested. JLR restarted limited production in early October and is ramping output toward full production by early December. Suppliers laid off thousands, many operate on 60-day payment terms, and trade groups urged accelerated financial support.
Read at www.theguardian.com
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