Jaguar Land Rover, the completely owned division of Tata Group, has announced a surge in the salaries of its more than 21,000 workers by 7.5 per cent, which will be effective from November 1, 2012. On this, the ratification of union members with senior authorities is expected to take place any time soon.
Tata Group acquired JLR from Ford Motor in March 2008 against a purchase consideration of $ 2.3 billion and this transaction took place amid global credit crisis. Industry experts believe that the deal between the two is one of the best in England and is expected to pass the union concerns, which eventually resulted in robust sales in the past few months.
During the first three months of this fiscal, the auto company registered an increase of 34 per cent in its sales, amounting to 83,452 units. The sales were mainly driven by the new Range Rover Evoque, which was highly demanded in China, US, Russia and England. Reportedly, China accounts for almost a quarter of company’s total sales, which marked a surge of 15.7 per cent against the units delivered in year ago period and therefore, the region has now emerged as its largest market.
JLR operates five production units in the isles and has hired more than 21,000 employees, who all are associated with several unions including the Unite Union. The manufacturing facilities of the company are based in Castle Bromwich, Gaydon, Solihull and Whitley in the West Midlands, and Halewood in Merseyside.
