Daily Telegraph reported that TATA Group owned Jaguar Land Rover has scrapped plans to close one of its UK plants.

As per report, Jaguar Land Rover, which employs 16,000 people, agreed a deal with unions that will see its Castle Bromwich and Solihull plants in the Midlands remain open in return for all new staff being hired on more flexible contracts.

The decision follows a turnaround in the company's fortunes over the past year and will lead to JLR hiring 2,000 employees.

Keeping the two plants open is a clear statement of the commitment of TATAs to manufacturing in the UK.

The company is one of the biggest contributors to research and development in the UK and contributes around GBP 6 billion of exports.

(Sourced from Daily Telegraph)