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Last Updated: Thursday, 11 November, 2004, 18:59 GMT
Lotus making 350 staff redundant
Lotus Exige
Lotus make 350 staff redundant despite sales success for the Exige
Group Lotus, the Norfolk-based sports car builder, is to make 350 non-manufacturing staff redundant out of a total workforce of 1,500.

The directors described the measures as a "significant restructuring".

"We regret it is necessary to downsize the UK operation through all areas of the business other than manufacturing," they added.

The company had announced in March that orders had been secured allowing a near doubling of sports car production.

But the board of directors has blamed dramatic changes in the motor industry round the world for the cutbacks.

This had hit hard in the engineering services sector in which they were involved.

The statement also said demand for Elise and Exige models continued to exceed production and the company had moved into new markets including the United States.

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