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Jaguar workers may be safer than they think
(The Birmingham Post Via Thomson Dialog NewsEdge) Jaguar's 8,000 employees will return to work after their two-week summer break on Monday to find, it is to be hoped, the fevered speculation about the company's future has died down.
Last Sunday saw Fleet Street indulging in a degree of conjecture built on hypothesis and guesswork not seen since poor old MG Rover was in the pundits' firing line.
Russian oligarch Oleg Deripaska had his chequebook at the ready, according to one national paper that thought that because he had shelled out pounds 50 million for a Birmingham van company (LDV) he was in the market for a luxury carmaker to sit alongside it.
Another had the Korean volume car company Hyundai heading the queue of buyers, while a third even claimed that Ford was so desperate to ditch Jaguar it was willing to throw Land Rover in as a "sweetener".
Never have so many West Midlands manufacturing jobs been thrown into the melting pot in such a cavalier manner.
Happily for us, the write-off of a prized British (albeit, American-owned) manufacturing asset didn't survive into Monday.
Could that be because the Sundays failed to produce a single shred of evidence to back up their claims?
The Birmingham Post, of course, cannot produce evidence to prove that Ford isn't going to abandon Jaguar.
Except - as we report today - one of the most senior men in Ford has talked about the company in terms that indicate the company is still very much part of the group.
Are we clutching at straws, vainly hoping that another local carmaker doesn't go to the wall? We don't think so.
Reflection tells us that the reasons for Ford keeping Jaguar outweigh the arguments for dumping it.
Not the least of these is the fact that Jaguar is so deeply embedded into Ford's operations that disengaging would be a mammoth task.
Jaguar has problems to overcome - among them a pound/dollar exchange rate that makes its cars expensive in its second most important market - but these are being turned around.
Our best guess is that those workers returning to Castle Bromwich and Halewood next week will be working for Ford for some time yet.
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