Group Lotus plc today
announced a proposal to restructure its worldwide workforce as a result
of the need both to reshape its organisation and to reduce costs. The
proposal was made following very careful consideration and may involve
the loss of up to 325 jobs.
The company wants to ensure that it has the right organisational
structure in place to achieve its business goals and to build a strong,
sustainable future. Regrettably, it is likely that compulsory job losses
will be needed to ensure that the company has the right number of people
with the right skills.
Group Lotus intends to redeploy staff wherever possible and will look
for ways to retain specific skills and knowledge within the business,
despite the proposed cuts. It also proposes to recruit into key roles,
to help achieve the best possible structure and skill base.
Jean-Marc Gales, Chief Executive Officer of Group Lotus, said “We
understand the concerns that this proposal will create. We deeply regret
the potential impact any reshaping of the business may have on our
employees and their families.
“We have worked very hard to avoid the need to make the proposal, but do
believe that it is now essential. It is in no way a reflection on our
employees who have shown nothing but dedication to us and have worked
tirelessly to support Lotus.”
Group Lotus will now consult with staff and workers’ representatives on
the proposed changes and on ways and means of avoiding job losses,
reducing the number of job losses and mitigating the impact of any
changes that are necessary.
Jean-Marc Gales added, “Once the reshaping has been undertaken, and with
its strong and experienced management team, Lotus should be a leaner,
more competitive organisation, focusing on both producing class-leading
sports cars and innovative engineering. We will also build upon the
improved sales results seen over the last few months.”