Norfolk, UK: Group Lotus has 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.

Jean-Marc Gales, CEO of the group, 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.”

“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,” he added.