COMPANIES Jaguar Land Rover said on Thursday it was winding down one of its three UK plants, cutting new hires’ salaries by a fifth and closing its final salary pension scheme as part of a plan to rationalise its operations.
The carmaker, owned by India’s Tata Motors, said it would decide which of its two West Midlands factories, at Castle Bromwich and Solihull, would close by the middle of next year after an analysis of costs and productivity, and talks with unions.
