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JLR Workers in U.K. Reject Contract Offer
Jaguar Land Rover workers in the U.K. are threatening to strike over stalled labor contract talks.
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Jaguar Land Rover workers in the U.K. are threatening to strike over stalled labor contract talks.
Jaguar F-Type
Workers overwhelmingly rejected an offer made in October that would give them annual raises of 3.6% in the first year and at least 3% in each of the following two years. Union officials say workers are unhappy with proposed pension cuts.
The union says workers aren't receptive to cuts because it claims the company, a unit of Tata Motors Ltd., is earning 10 million (€13 million) per day. JLR's pretax profit has more than doubled over the past three years on growing global demand for its luxury cars and high-end SUVs.
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