Lotus has announced plans to cut up to 550 jobs in the UK, amounting to around 40 per cent of its British workforce, in a major restructuring aimed at securing the company’s long-term survival.
The Norfolk-based sports carmaker, majority-owned by Chinese group Geely, said the cuts were “necessary to secure a sustainable future in today’s rapidly evolving automotive environment,” citing the impact of falling sales, the transition to electric vehicles and mounting global tariff pressures.
The announcement follows months of uncertainty about the future of Lotus’s 59-year-old Hethel site, which prompted business secretary Jonathan Reynolds to hold talks with Geely earlier this summer.
Despite the scale of the job losses, Lotus insisted that its UK operations would remain central to the brand. In a statement, the company said:
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