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Monday, December 22, 2008

UK's largest union backs govt bailout for Tata's JLR

Tata Motors' case for state financial aid for Jaguar Land Rover today received support from Britain's biggest trade union, which wants the government to provide help by Christmas, as Tata has injected more cash into the company.

Tony Woodley, joint general secretary of Unite, said there was little reason for the British government not to act now that Tata Motors had injected more cash.

Jaguar Land Rover, which employs 15,000 people in Britain, was reported to have received "tens of millions" from Tata Motors, which will stave off an immediate cashflow crisis.

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