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Tata Motors tanks 4.6% on fears of JLR strike threat in UK

JLR, meanwhile, says that the luxury car manufacturer is not bothered by the strike called by contract workers and has already put a plan in place to deal with the production disruptions.

July 08, 2013 / 02:54 PM IST
 
 
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Tata Motors shares crashed 4.6 percent intraday Monday on reports that its subsidiary Jaguar Land Rover's (JLR) production line in the UK may grind to a halt within weeks after delivery workers from logistics company DHL voted for a strike.


Delivery workers are demanding a large pay rise, similar terms and conditions at par with JLR staff.


JLR, meanwhile, says that the luxury car manufacturer is not bothered by the strike called by contract workers and has already put a plan in place to deal with the production disruptions. "We are not directly involved as striking employees are not from our company. They are belong to logistics provider.We have put plan in place to deal with potential disruptions of production," JLR adds.

At 13:15 hours IST, the stock was quoting at Rs 286.35, down 3.33 percent on the Bombay Stock Exchange. It has touched an intraday low of Rs 282.50.

first published: Jul 8, 2013 01:27 pm

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