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| Sportscar manufacturer Lotus to cut 550 jobs at Norfolk base | Sportscar manufacturer Lotus to cut 550 jobs at Norfolk base |
| (32 minutes later) | |
| The Lotus factory has been based in Hethel since the 1960s | |
| Sportscar manufacturer Lotus is to cut 550 jobs at its UK headquarters in Norfolk, the BBC understands. | Sportscar manufacturer Lotus is to cut 550 jobs at its UK headquarters in Norfolk, the BBC understands. |
| Lotus, which is based at Hethel, near Wymondham, had previously denied reports that it was to close its factory there and set up a new plant in the United States. | Lotus, which is based at Hethel, near Wymondham, had previously denied reports that it was to close its factory there and set up a new plant in the United States. |
| In June, it said it was "actively exploring options in the global market" but remained "committed to the UK". | |
| However, confirming the job cuts earlier, the company said the decision followed "a review of Lotus Cars' business objectives in line with the current market conditions". | |
| In a statement, it said: "We believe this is necessary in order to secure a sustainable future for the company in today's rapidly evolving automotive environment, which is seeing uncertainty with rapid changes in global policies including tariffs. | |
| "The brand remains fully committed to the UK, and Norfolk will remain the home of the Lotus' sports car, motorsports and engineering consulting operations. | |
| "It is actively exploring future growth opportunities to diversify Lotus Cars' business model, including through third-party manufacturing." | |
| South Norfolk Council said it would do all it could to "help and support the 550 people who are to lose their jobs". | |
| Daniel Elmer, leader of the council, said: "We will continue to work with Lotus, but our priority now must be the people who are losing their jobs, and we will be working with the county council to put in place support packages. | |
| "We will also be talking to the government to see how they can help us in ensuring that there is a future for this iconic brand in South Norfolk." | |
| The company was founded in the early 1950s by engineer Colin Chapman and moved to Hethel in the 1960s. |