Lotus announces restructure

Lotus could lay-off a quarter of its workforce as it restructures to ensure a strong and sustainable future. Details here

Lotus announces restructure

Lotus has confirmed that some 325 employees might be laid-off as it attempts to restructure its workforce. As financial issues continue, the British sportscar maker is attempting the restructure in order to build a ‘strong sustainable future.’

Sales this year have increased by a substantial 16.79 per cent to date, but even these improvements seemingly haven’t helped to secure the future of the iconic brand.

With over 26 per cent of its 1315 strong workforce facing the prospect of losing their jobs, the Norfolk carmaker says it regrettably has to make ‘essential’ changes to survive. Jean-Marc Gales, chief executive said: ‘The harsh truth is that if Lotus is to prosper in the long term it must do even better, at lower cost.’

Could Lotus be reigning in its costs in an attempt to woo in a new buyer? The unfortunate case for many small volume British car manufacturers has been that a larger backer has often been required to secure a future. Current owner, Proton, has owned Lotus since 1996 and has seen it through periods of growth, but that relationship will undoubtedly be put under pressure if the latest moves are ineffective.

Financial issues or not, Lotus certainly still knows how to make great sportscars. The Lotus Exige S is one of our favourite track ready roadcars, with a fantastic supercharged V6 engine and fantastically balanced chassis. We can only hope it’s not the last of a long line of great cars to come from Lotus.

Recommended

Lotus Elise S1: review, specs and buying guide
Lotus Elise convertible

Lotus Elise S1: review, specs and buying guide

Values of the original Elise are on the move, so if you’re after one don’t hang about. Let evo’s guide help you identify your perfect Lotus lightweigh…
10 May 2020
Lotus Elise Classic Heritage Editions celebrate past Grand Prix legends
Lotus Elise

Lotus Elise Classic Heritage Editions celebrate past Grand Prix legends

Latest specials take inspiration from cars driven by Moss, Hill, Mansell and Fittipaldi
6 May 2020
Lotus Elise Cup 250 review
Lotus Elise

Lotus Elise Cup 250 review

Most focused Elise is still a fantastic road car, and its light weight and simplicity feel more relevant than ever
12 Apr 2020

Most Popular

Jaguar F Pace SVR 2021 review – good enough to take on an Alfa Romeo Stelvio Quadrifoglio?
Jaguar F Pace SVR 2021 review - tracking
Jaguar F-Pace

Jaguar F Pace SVR 2021 review – good enough to take on an Alfa Romeo Stelvio Quadrifoglio?

As good to drive as an SUV gets, much better interior these days too
1 Mar 2021
Mazda e-Skyactiv X engine revealed – clever compression ignition petrol updated
Mazda 3
Mazda

Mazda e-Skyactiv X engine revealed – clever compression ignition petrol updated

More power, lower emissions and improvised drivability promised for Mazda’s clever petrol engine
1 Mar 2021
Will synthetic fuel save the performance car? The manufacturers weigh in
R8 Filler cap
Porsche

Will synthetic fuel save the performance car? The manufacturers weigh in

Porsche claims a car running on eFuel will have the same CO2 footprint as an EV, and BMW, Audi, Aston Martin and McLaren all agree
24 Feb 2021