Lotus restructuring could lead to mass job cuts

As many as 325 jobs could be lost at Lotus, thanks to cost-cutting measures at the British firm

Lotus Elise Front

Lotus could be cutting as many as 325 jobs at its Hethel site in Norfolk. It’s all part of a restructuring and cost-cutting exercise at the company designed to create a solid foundation for future growth.

Recently instated as CEO of Lotus, Jean-Marc Gales said: “We have worked very hard to avoid the need to make the proposal, but do believe that it is now essential. It is in no way a reflection on our employees who have shown nothing but dedication to us and have worked tirelessly to support Lotus.”

The job cuts come just over a year after Lotus announced it would create more than 100 new jobs thanks to a £100million investment by its owner, DRB-HICOM.

Nevertheless, Lotus believes the job cuts are necessary to boost future revenue, and the company is keen to build on a recent uplift in sales. That’s mainly thanks to overseas sales, which helped bring about an increase in the number of cars shifted from 963 in 2012 to 1,368 in 2013. That figure could be beaten again this year, too.

“Once the reshaping has been undertaken, and with its strong and experienced management team, Lotus should be a leaner, more competitive organisation, focusing on both producing class-leading sports cars and innovative engineering,” said Gales.

There’s a fair bit of work to do at Lotus, though, with the company making a £167million net loss in 2013. If recent rumours are to be believed then big plans are afoot – a sporting saloon and an SUV are reportedly both on the cards.

Recommended

'We’ve finally seen evidence that Lotus really does have an exciting future'
Lotus opinion
Lotus

'We’ve finally seen evidence that Lotus really does have an exciting future'

John McIlroy is looking forward to seeing Lotus branch out into more family-orientated cars
28 Apr 2021
New Lotus SUV likely as part of brand’s electric revolution
Lotus SUV - front (watermarked)
Lotus

New Lotus SUV likely as part of brand’s electric revolution

Stunning plan from Hethel will see the Lotus brand expand like never before with a new SUV, plus production lines in Norfolk and China
27 Apr 2021
New Lotus Emira name confirmed for Type 131 sports car ahead of summer reveal
Lotus Emira teasers
Lotus

New Lotus Emira name confirmed for Type 131 sports car ahead of summer reveal

The Lotus Emira will be the brand's final pure combustion powered sports car and it will make first public appearance at the Goodwood Festival of Spee…
27 Apr 2021
Electric Lotus Evija looks to Type 49 racer for soundtrack
Lotus Evija
Lotus

Electric Lotus Evija looks to Type 49 racer for soundtrack

The Lotus Evija’s electric motor will be accompanied by an edited version of the Type 49’s V8 engine noise
10 Mar 2021

Most Popular

'Just because impressive tech is available, it shouldn’t necessarily be installed in cars'
Opinion tech
Opinion

'Just because impressive tech is available, it shouldn’t necessarily be installed in cars'

Mike Rutherford says designers, car makers and politicians need to consult motorists more often
16 May 2021
New 2022 Dacia Bigster to move budget brand into large SUV market
Dacia Bigster - front (watermarked)
Dacia

New 2022 Dacia Bigster to move budget brand into large SUV market

The Dacia Bigster SUV will arrive with value in mind, but hybrid tech will also appear. Our exclusive images preview how it could look
14 May 2021
New 2021 BMW 2 Series Coupe specs confirmed ahead of summer launch
BMW 2 Series Coupe - exclusive image
BMW 2 Series Coupe

New 2021 BMW 2 Series Coupe specs confirmed ahead of summer launch

The new BMW 2 Series Coupe will be aimed at keen drivers, with the M240i model offering four-wheel drive and a 369bhp straight-six engine. Our exclusi…
17 May 2021