"We have taken this decision as our forensic investigation of the cyber incident continues, and as we consider the different stages of the controlled restart of our global operations, which will take time," a JLR spokesman said."
"We are very sorry for the continued disruption this incident is causing and we will continue to update as the investigation progresses."
"The value of cars usually made at the sites means that around £1.7 billion worth of vehicles will not have been produced, and I'd estimate that would have an initial impact of around £120 million on profits. Some of that might be recovered when production restarts but the longer this goes on, the more of a concern this will be. If reports are right that this could last until November, then that could mean around 50,000 cars not being produced."
The factory shutdown has been extended until at least Wednesday 24 September, with suppliers warned that disruption could extend into November. The cyber-attack affected global operations, forcing the UK business to halt production and instructing workers not to return as production lines remain affected. JLR is conducting a forensic investigation and planning a controlled, phased restart of operations. The company expressed regret for the disruption and pledged updates as the investigation continues. An academic estimate values the lost vehicle output at about £1.7 billion and anticipates an initial profit hit of around £120 million, with up to 50,000 cars potentially unproduced if disruptions persist until November.
Read at London Business News | Londonlovesbusiness.com
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