Lotus may reduce workforce by up to 325 on restructuring

Article by Christian Andrei, on September 20, 2014

Group Lotus Plc may cut its 1,215-strong workforce by 27 percent to slash costs. This means that the carmaker may permanently send home up to 325 employees when it starts its restructuring. The carmaker said that compulsory job reductions might be needed.

Lotus chief executive Jean-Marc Gales said in a statement that the carmaker has worked hard to avoid the need to make the job reduction proposal, but it now believes that such move is essential.

He remarked that once the job cuts are implemented, Lotus should be a “leaner, more competitive organization” that focuses on both building class-leading sports cars and innovative engineering.

Unlike other sports-car makers like Porsche, Lamborghini and Ferrari, Lotus is not under any global auto group – which means the company would have difficulty getting needed technology or even financial support to develop such technology. [source: Bloomberg.com]

Topics: lotus

If you liked the article, share on:


Login or Create new account to add a comment!


Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016
Chevrolet has taken the wraps off its new Chevrolet Colorado ZH2 at the fall meeting of the Association of the United States Army (AUSA). Tagged as the most extreme fuel-cell-powered...
by - October 21, 2016
Honda has unveiled the fifth generation of its hot-selling SUV – the 2017 Honda CR-V. The latest iteration of the CR-V should help it maintain its benchmark status in the...
by - October 21, 2016
Many are already expecting BMW to launch an ultra luxurious SUV that will serve at its new flagship by late 2018. Larger than the X5 and X6, the new X7...
by - October 21, 2016
Most of you may have heard or already have one of those autonomous home appliances doing the house chores. Thus, it’s not anymore unusual to see a car going places...
by - October 20, 2016