Owners of the Jaguar Land Rover, Indian-based Tata Motors, had announced one of its two Midlands plants, expected to be the Castle Bromwich facility, would close in 2014 at the cost of thousands of jobs.
However, the company has now decided the plant will remain open alongside the Solihull and Haleswood plants after a successful year of sales growth.
“This is a triumph for all concerned,” said Jaguar Land Rover Chief Executive Officer, Dr Ralf Speth. “We have ambitious plans for growth and the success of our products around the world and this agreement will allow us to accelerate and realize those plans."
Jaguar Land Rover will now invest ‘billions’ in its UK operations, resulting in thousands of extra jobs at its UK plants, it has been announced.
“The agreement is a great deal for our workers and the company and we can now really get on with working together to achieve an even more exciting future for the Jaguar and Land Rover brands,” added Dr Speth. “We have already started by beginning to hire 1500 new employees to support the launch of the new Range Rover Evoque at our award-winning Halewood factory in Liverpool."
Workers will also receive a five per cent pay rise this November and a further three per cent rise in 12 months, while new employees will be on lower rates of pay initially.
The impressive new Jaguar line-up including the new XF and XJ models are manufactured at the Castle Bromwich plant, while Land Rover models are produced at the Solihull and Merseyside-based Halewood plants.
Production of the Range Rover Evoque will soon begin at the Halewood plant and in preparation, Land Rover has announced it will create 1500 new jobs for engineers and supervisors.