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Jaguar Land Rover agrees pay raise

Jaguar Land Rover agrees pay raise

Carmaker Jaguar Land Rover said Friday it has agreed to a 5 percent pay rise for its workers and has shelved plans to close one of its three factories in England.
The company, now part of India's Tata Motors, also reported double-digit sales increases and said it expects to hire 1,500 more workers next year at the Halewood plant.
The pay deal calls for a 5 percent increase next month and a minimum of 3 percent in November next year.
"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," said Ralf Speth, Jaguar Land Rover's chief executive.
"Our parent company Tata supported us through the recession and our employees also made sacrifices but now we are seeing a great turnaround in the business and everyone involved - our employees, our customers and our Tata shareholders - will benefit from this agreement."
He said the company has already started hiring more workers.
Tata says Land Rover sales were up 19 percent in September compared to a year ago, and Jaguar was up 10 percent.
Because of the sales boost, Jaguar Land Rover says it has dropped previously announced plans to close either its Castle Bromwich or Solihull factories.
Len McCluskey, assistant general secretary of Unite, said he hoped up to 4,000 new jobs would be created.
"It is a tribute to our shop stewards and members who made sacrifices last year in difficult circumstances. The future of the three plants has been secured until at least 2020, which is fabulous news, as there had been fears that one of them would close," McCluskey said.