US EditionGovernment could buy car parts to protect Jaguar Land Rover suppliers
- Jaguar Land Rover halted production at its UK factories on August 31 due to a cyber-attack affecting its IT networks and supply chain.
- The shutdown extended to October 1 as JLR and its suppliers continue managing operational pressures and financial impacts from the cyberattack.
- The government is exploring measures such as buying and stockpiling car parts and offering loans to suppliers to support their operations until manufacturing at the carmaker resumes.
- A speaker described this as a “huge cyber shockwave” causing job losses through no fault of workers, while unions call for a Covid-style furlough scheme despite government reluctance.
- The ongoing disruption risks smaller suppliers' collapse and wider economic damage, prompting MPs to meet JLR suppliers and relay evidence to ministers for further government support decisions.
52 Articles
52 Articles
Government plans to help Jaguar Land Rover suppliers
The government has been wrestling with whether to step in to help Jaguar Land Rover suppliers, weeks after a cyber attack halted production at the car maker. JLR says parts of its IT systems are now back online amid a phased restart of its operations but there are warnings some small suppliers could collapse without urgent financial support.
UK Works to Prop Up Suppliers Hit by Jaguar Land Rover Shutdown
The UK is in talks to provide support to automotive suppliers hit by fallout from a cyberattack at Jaguar Land Rover that’s shut down production at the country’s largest carmaker, people familiar with the matter said.
According to the BBC, the Labour Executive is planning to purchase subcontractors' parts for the automotive group's factories, which are shut down due to extensive computer hacking. The aim is to prevent the most fragile SMEs from sinking. Some 200,000 jobs are at stake.
Rachel Reeves issues major update as Labour steps in over Jaguar Land Rover cyber attack - Birmingham Live
Chancellor Rachel Reeves was asked during a ministerial visit whether the Government was set to step in to help firms which supply JLR with components.
UK govt may offer financial support to Jaguar Land Rover suppliers after cyberattack forces shutdown
UK government may provide financial assistance to Jaguar Land Rover suppliers after a cyberattack forced the automaker to shut its factories until October. With substantial losses, ministers are exploring options such as purchasing components or offering loans to help suppliers during this period.
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