Remaining jobs at Jaguar’s ‘Veneer Manufacturing Centre’ (VMC) at Browns Lane could be saved in a new deal with Lawrence Automotive Interiors, reports say.
Media reports in Britain say that Lawrence Automotive Interiors Ltd, which is based in Nottingham, has been named as the preferred bidder and will work through final due diligence.
Go deeper with GlobalData
If a sale goes ahead, the firm has reportedly vowed to maintain the VMC for at least five years.
All 390 workers currently working at the VMC will have the option of remaining with JLR or transferring to the new owner, according to reports.
Lawrence has its head office in the UK, with a manufacturing plant in China and regional offices in France and America. It supplies trim components to the car industry around the world.
Browns Lane was formerly a Jaguar car assembly site, but car assembly ended when the firm was owned by Ford. However, the VMC was created from the production staff who remained making wood interior trim.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
