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1 week agoLotus to cut 40% of UK workforce but pledges to keep Norfolk factory open
Lotus has announced plans to cut up to 550 jobs in the UK, amounting to around 40 per cent of its British workforce, in a major restructuring aimed at securing the company's long-term survival. The Norfolk-based sports carmaker, majority-owned by Chinese group Geely, said the cuts were "necessary to secure a sustainable future in today's rapidly evolving automotive environment," citing the impact of falling sales, the transition to electric vehicles and mounting global tariff pressures.
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