Group Lotus’s workforce could be cut by a quarter under restructuring proposals announced by new chief executive Jean-Marc Gales.
Ex-PSA Peugeot Citroën president Gales has remained so far silent on his plans for the company since he was appointed by DRB-HICOM, the Malaysian owner of Lotus’s parent firm Proton.
Gales has been assessing the Lotus business, and has today announced that up to 325 jobs could go at the firm under the restructuring. Group Lotus employs 1215 people worldwide, 1032 of which are in its home county of Norfolk.
According to a Lotus statement, the restructuring is “the result of the need both to reshape its organisation and to reduce costs”.
The statement added: “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.