Cyberattack on JLR Halts Production, Impacting Key Supplier Autins
Autins, a specialized component manufacturer for Jaguar vehicles, has been severely impacted by a cyberattack on Jaguar Land Rover (JLR). The company, which employs 148 people and recorded revenues of over £31 million last year, has seen its operations disrupted, leading to a significant drop in its share price.
The cyberattack on JLR, which began on September 1, has stopped all production at the company. This has had a ripple effect on Autins, as it is a key supplier to JLR. The University of Oxford's Lucas Kello has described the incident as 'an economic security incident', highlighting the broader impact of such attacks.
Autins is taking protective measures to mitigate the disruption. It is using banked hours, delaying raw material orders, and pausing discretionary spend. However, the extended shutdown is increasing costs for JLR, which accounts for roughly 4% of Great Britain's goods exports. This risks damaging the British economy as a whole.
Thousands of JLR employees and supply-chain workers, including those at Autins, are temporarily laid off due to the shutdown. The Unite union has called for a furlough scheme to support impacted workers. Labour MP Liam Byrne has warned that the disruption is a 'cyber shockwave' threatening jobs, businesses, and pay packets in Britain's industrial heartlands.
The cyberattack on JLR has had a significant impact on its supplier, Autins. With JLR's operations expected to remain shuttered until at least the middle of next week, the situation is putting many jobs at risk. While Autins is taking protective measures, the extended disruption is increasing costs and posing a threat to the broader British economy.
Read also:
- Klinikum Landshut Recognized for Exceptional Care in Breast Cancer, Urology, and Orthopedics
- Man Survives 3,300-Meter Skydive Fall After Parachute Malfunction
- Fructose Market Forecasted to Exceed $8.1 Billion by 2034
- Senate Tillis under spotlight in North Carolina as IRA tax incentives remain uncertain
