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 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.

Subscribe to evo magazine

evo is 21 and to celebrate, we're returning to 1998 prices! Subscribe now to SAVE 39% on the shop price and get evo for its original cover price of £3.00 an issue, plus get a FREE gift worth £25!

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.

Advertisement - Article continues below

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.


Most Popular

Volkswagen Golf GTI hatchback

New Volkswagen Golf GTI leaked ahead of reveal

Following a slew of spy shots last year, a camo-free Mk8 Golf GTI surfaces online
20 Jan 2020
Toyota GT 86

Toyota GT86 v Mazda MX-5 v Abarth 124 Spider – lightweight sports car shootout

Three affordable sports cars from Japan and, er, Japan battle it out on the Yorkshire Dales
14 Jan 2020

2020 Geneva motor show preview

Electrification will likely dominate proceedings, but Geneva will have plenty of performance metal to get excited about too
17 Jan 2020
Hyundai i30 N hatchback

Hyundai i30 Fastback N versus the Col de Turini

We take the Hyundai i30 Fastback N up the Col de Turini, a 31km stage of the Monte Carlo World Rally Championship
19 Jul 2019