Lotus employs 1,215 people worldwide, of which 1,032 are employed at the brands headquarters in Hethell, Norfolk. The proposal would see their staff cut by up to a quarter globally.
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.’
Lotus has said it 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.
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.’