"Jaguar Land Rover has given an update after Labour has loaned £1.5 billion over the weekend following the cyber-attack. Labour offered JLR a guaranteed loan of £1.5 billion after the carmaker was forced to close their factories and suspended operations. JLR said on Monday they will recommence their operations in the coming days following the loan which is backed by the Export Development Guarantee (EDG) provided by export credit agency UK Export Finance."
"A JLR spokesperson said, "Today we are informing colleagues, retailers and suppliers that some sections of our manufacturing operations will resume in the coming days. "We continue to work around the clock alongside cybersecurity specialists, the UK Government's NCSC and law enforcement to ensure our restart is done in a safe and secure manner.""
Jaguar Land Rover received a guaranteed £1.5 billion loan after a cyber-attack forced factory closures and suspended operations. The loan is backed by the Export Development Guarantee (EDG) from export credit agency UK Export Finance. JLR plans to recommence some manufacturing operations in the coming days and has informed colleagues, retailers and suppliers of the staged restart. JLR is working around the clock with cybersecurity specialists, the UK Government's NCSC and law enforcement to ensure the restart is safe and secure. The company indicated that operations will resume progressively as systems are verified and secure.
Read at London Business News | Londonlovesbusiness.com
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