British carmaker Jaguar Land Rover strikes plants deal
Tata-owned luxury carmaker Jaguar Land Rover said Friday it had struck a pay deal with trade unions that would safeguard the future of three plants open in Britain and create thousands of new jobs.
JLR, a subsidiary of Indian giant Tata Motors, will invest billions of pounds in the plants.
The new jobs will include 1,500 at the Halewood plant near Liverpool, northwest England, while the sites at Castle Bromwich and Solihull around Birmingham in central England will be retained, ending fears for their future.
About 2,000 people work at Castle Bromwich and a further 5,000 at Solihull.
"This is a triumph for all concerned," JLR chief executive Ralf Speth said.
"We have ambitious plans for growth and the success of our products around the world and this agreement will allow us to accelerate and realise those plans.
"Our parent company, Tata, supported us through the recession and our employees also made sacrifices but now we are seeing a great turnaround in the business," he added in a statement.
"This is truly the beginning of a new era for Jaguar Land Rover."
The agreement includes a five-percent pay rise for employees in November, with a further rise of at least three percent next November.
Tata Motors bought the group in June 2008 from Ford for 2.3 billion dollars.
© 2010 AFP