JLR sales surge since cyber attack but restructuring costs weigh on earnings
Summary
JLR sales have surged since the cyber attack but restructuring costs weigh on earnings, the Evening Standard and The Independent reported on Friday 13 November. The luxury British carmaker said its revenues were up by a fifth in the three months to September, compared with last year, according to the two outlets. JLR said 3,000 staff had already agreed voluntary redundancy under a two-year plan, the carmaker having announced in September that it was targeting a reduction of about 4,000 jobs across its global workforce over the next two years, the two outlets reported.
Latest: The luxury British carmaker JLR said its revenues were up by a fifth in the three months to September, compared with last year, its sales having surged since the cyber attack while restructuring costs weigh on earnings, and that 3,000 staff had already agreed voluntary redundancy under its two-year plan to cut about 4,000 jobs, the Evening Standard and The Independent reported.
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How it unfolded
Friday 13 November
The luxury British carmaker JLR said its revenues were up by a fifth in the three months to September, compared with last year, its sales having surged since the cyber attack while restructuring costs weigh on earnings, and that 3,000 staff had already agreed voluntary redundancy under its two-year plan to cut about 4,000 jobs, the Evening Standard and The Independent reported.
- 09:05Evening Standard JLR says 3,000 staff already agreed voluntary redundancy under two-year plan
- 09:04The Independent JLR says 3,000 staff already agreed voluntary redundancy under two-year plan
- 07:28The Independent JLR sales surge since cyber attack but restructuring costs weigh on earnings
- 07:28Evening Standard JLR sales surge since cyber attack but restructuring costs weigh on earnings