Friday June 26, 01:13 PM
Tata Motors says may see more job losses at JLR
MUMBAI, June 26 (Reuters) - India's 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 25.05 billion rupees ($520 million) versus net profit of 21.68 billion rupees a year ago.
The Jaguar and Land Rover unit made a loss before tax of 281 million pounds ($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.
($1=0.607 pound=48.2 rupees)
(Reporting by Narayanan Somasundaram; Editing by John Mair)
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