Lotus publicizes job losses amid market challenges and US tariffs
Lotus Vehicles is slicing as much as 270 jobs throughout its UK operations, citing “unstable and evolving market situations,” together with the impression of latest US tariffs.
The corporate, headquartered in Hethel, Norfolk, confirmed that it’s dealing with important challenges following the introduction of a 25% import tax on automobiles and automobile elements from the UK into the USA.
The brand new tariffs, imposed beneath US President Donald Trump’s administration, have added to the pressures already dealing with the sports activities automobile producer.
Lotus Vehicles is slicing as much as 270 jobs throughout its UK operations, citing “unstable and evolving market situations,” together with the impression of latest US tariffs.
The corporate, headquartered in Hethel, Norfolk, confirmed that it’s dealing with important challenges following the introduction of a 25% import tax on automobiles and automobile elements from the UK into the USA.
The brand new tariffs, imposed beneath US President Donald Trump’s administration, have added to the pressures already dealing with the sports activities automobile producer.
Lotus’s UK-built autos, together with the Emira coupé and the Evija hypercar, are actually topic to those increased import charges, which compelled the enterprise to droop Emira shipments to the US earlier this week.
A spokesperson for the corporate acknowledged, “Lotus Vehicles has introduced a proposed enterprise restructure to make sure sustainable operations, amid unstable and evolving market situations together with the US tariffs and shifting shopper demand for sports activities automobiles.”
Whereas the corporate stays “dedicated to the UK,” it mentioned the proposed restructuring will contain nearer collaboration with its largest shareholder and know-how companion Geely Holding Group.
The job cuts come after a sequence of earlier reductions, together with the lack of 94 jobs in November and extra cuts to its two Norfolk factories in January.
Lotus has devoted £500 million to the event of its factories and shifting manufacturing in direction of electrical autos, together with electrical SUVs and sports activities automobiles.
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