Production in Norfolk due to restart in early September but sportscar maker announces ‘restructuring proposal’
Sportscar maker Lotus has confirmed it will cut 550 jobs in the UK as part of wider restructuring plans that will deliver a fresh blow to Britain’s automotive industry.
Lotus, which has been struggling with a drop in sales and cash shortages, said it was necessary to slash 42% of its 1,300-strong UK workforce to “secure a sustainable future”, amid uncertainty sparked by factors including Donald Trump’s trade war.
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