Back to work next Monday, but I cannot understand why. Nobody can get credit to buy the cars that we build. We will not be producing cars until a week next Thursday, and then only on a permanent day shift.
A single shift pattern is quite simply not economic for a car factory, and we desperately need an upturn to enable us to return to two shifts, however I feel that will be a long way off.
The supply chain is an even worse condition, several of them are already bankrupt with more certain to follow in the coming months.
We at Jaguar land Rover are fortunate in the fact we build for the World market, we don't rely on one territory, however some markets are more important, and the main ones we produced for, the U.S. and Britain, are major victims of the credit crunch, so hopefully some market or other maybe China and Russia and the oil rich Arabian Gulf states will (just about) keep us ticking over. Vauxhall appear in an even worse position than JLR because Vauxhall Ellesmere Port facility only build for the British and European market.
The knock on effect from the car industry failing is the real reason why the industry needs government intervention of some sort. There are close on 600,000 jobs that rely on the motor industry in some form or another in this country alone. Bleak times!!!
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