Lotus Cars, the British sports car manufacturer, has announced plans to cut up to 270 jobs at its Hethel plant, driven by volatile market conditions and the recent implementation of US tariffs on UK-made vehicles. This decision follows a prior reduction of around 200 roles late last year, reflecting ongoing challenges in the global automotive sector. The cuts aim to enhance the company's competitiveness and ensure long-term viability while maintaining operations at other UK sites. Lotus is also exploring synergies with its parent company Geely to improve operations and engineering collaboration.
British sports car manufacturer Lotus is set to cut up to 270 jobs in the UK, citing volatile market conditions including impacts from new US tariffs.
The restructuring is vital to enhance competitiveness and ensure long-term sustainability amidst shifting consumer demands for sports cars and evolving global tariffs.
Lotus aims to seek greater synergies with its parent company Geely, focusing on closer collaboration in engineering and operations despite limited details on execution.
This announcement marks the second major wave of job cuts at Lotus in less than a year, potentially totaling nearly 470 roles in a workforce of 1,200.
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