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Lotus Slashes 550 Jobs Amid Sales Decline, Restructuring Plans

8/29/2025

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Summary

Story summary

Lotus will reduce its UK workforce by 42%, cutting 550 jobs due to declining sales and cash shortages.
The restructuring aims to ensure sustainability amid uncertainties from global trade policies, including US tariffs on UK car imports.
Lotus remains committed to UK manufacturing and plans to resume production in early September.
Owned by Geely, Lotus has been in operation since 1948 and is exploring diversification options.

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Story summary

Lotus will reduce its UK workforce by 42%, cutting 550 jobs due to declining sales and cash shortages.
The restructuring aims to ensure sustainability amid uncertainties from global trade policies, including US tariffs on UK car imports.
Lotus remains committed to UK manufacturing and plans to resume production in early September.
Owned by Geely, Lotus has been in operation since 1948 and is exploring diversification options.