BRITAIN’S top sprotscar manufacturer is axing more than 500 jobs from its UK headquarters.
Half of the brand’s current workforce is facing the sack with president Trumps controversial tariffs said to have played a major role in the shock announcement.
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Lotus is reported to be sacking half the workforce at its factory and HQ at Hethel near Wymondham, Norfolk.
The surprise move is said to be part of a major restructuring within the firm.
A spokesman for Lotus, owned by Chinese giant Geely, confirmed that the job losses highlighted “rapid changes in global policies including tariffs”.
It comes after Business Secretary Jonathan Reynolds had a meeting with Lotus bosses earlier this year.
Reynolds said afterwards he was reassured that the manufacturer was committed to the UK despite rumours that it was considering moving production to the US or Poland.
The firm said at the time it had “no plans to close the factory”, but added: “We are actively exploring strategic options to enhance efficiency and ensure global competitiveness in the evolving market.”
It is understood that Lotus had a meeting with local MPs and councillors to explain its restructuring plans and outline the job cuts.
The shocking move is expected to be finalised in December with up to 500 workers now facing the boot.
Lotus said it would also look at increasing integration across the wider Lotus group as part of the shake up.
A spokesperson said the firm “remains fully committed to the UK”, with Norfolk remaining the home of its sports car, motorsports and engineering consulting operations.
South Norfolk MP Ben Goldsborough said it was a “very difficult day for Lotus and for many families in our community.”
He said he would be on hand to support workers affected by the sweeping cuts.
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