There’s trouble at the Lotus mill. The company has announced it may cut up to 325 jobs in order to “reshape its organisation and reduce costs” – roughly a quarter of its workforce.
According to a press release: “the company wants to ensure that it has the right organisational structure in place to achieve its business goals and to build a strong, sustainable future. Regrettably, it is likely that compulsory job losses will be needed to ensure that the company has the right number of people with the right skills.”
Group Lotus staff with specialist skills should be safe, with the company claiming it will try to find ways to retain those with specific skills and knowledge. It will also try to redeploy staff into alternative vacancies wherever possible.
Jean-Marc Gales, Chief Executive Officer of Group Lotus, said “We understand the concerns that this proposal will create. We deeply regret the potential impact any reshaping of the business may have on our employees and their families.
“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.”
Jean-Marc Gales added, “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. We will also build upon the improved sales results seen over the last few months.”