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UK to provide £1.5B loan guarantee to save Jaguar Land Rover jobs after cyberattack.
The UK government has announced a £1.5 billion loan guarantee to support Jaguar Land Rover amid a crisis triggered by a cyberattack that disrupted production, aiming to protect thousands of jobs and stabilize the automotive sector.
The financial aid, equivalent to about $2 billion, is intended to assist suppliers and related businesses facing economic strain due to reduced output.
Officials say the funds will be distributed through targeted grants and assistance programs to maintain regional economic stability, particularly in areas dependent on the auto industry.
The rescue package reflects broader concerns over the long-term health of the UK’s manufacturing sector and efforts to strengthen supply chain resilience.
Specific details on eligibility and distribution are still being developed.
El Reino Unido proporcionará una garantía de préstamo de 1.500 millones de libras para salvar los empleos de Jaguar Land Rover después de un ataque cibernético.