Lotus to cut 550 UK jobs amid ‘uncertainty’ including Trump tariffs

Chinese-owned sportscar maker insists it is committed to Britain and will restart production in Norfolk in September The sportscar maker Lotus has confirmed it will cut 550 jobs in the UK as part of wider restructuring plans that will deliver a fresh blow to Britain’s automotive industry.Lotus, which has been struggling with a drop in sales and cash shortages, said it was necessary to cut 42% of its 1,300-strong UK workforce to “secure a sustainable future”, amid uncertainty sparked by factors including Donald Trump’s trade war. Continue reading...

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