East Anglia: Lotus shake-up could lead to the loss of 325 jobs
Jean-Marc Gales CEO Lotus - Credit: Archant
As many as 325 jobs could be lost in a proposed global restructure of its workforce, Lotus has announced today.
The sports car maker currently employs more than 1,000 of its total 1,215 staff at its headquarters in Hethel, Norfolk.
A company statement said the plans had been drawn up following “very careful consideration” as a way of cutting costs and reshaping its organisation.
It said it 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,” it said.
Group Lotus intends to redeploy staff wherever possible and will look for ways to retain specific skills and knowledge within the business, despite the proposed cuts.
It also proposes to recruit into key roles, to help achieve the best possible structure and skill base.
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.”
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Group Lotus will now consult with staff and workers’ representatives on the proposed changes and on ways and means of avoiding job losses, reducing the number of job losses and mitigating the impact of any changes that are necessary.
Mr 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.”
