Today on CarCostCanada, Lotus announces dire news that it will soon shrink its staff by 325 workers, a blow to the sports car maker that’s struggled to keep up with larger competitors despite a boom…

Lotus to lay off one quarter of workforce ahead of plans to restructure

If you want one of the lightest, leanest, most enjoyable sports cars money can buy, those in the know realize few cars can compete with a modern-day Lotus on the street or track, or a classic one for that matter. That reality, combined with strong sales in the luxury and performance car sector should result in good news for the Hethel, Norfolk-based brand, but as it turns out the British sports car maker is about to lay off "up to 325" workers as part of a restructuring.

While 325 workers might not seem like a lot when compared to the thousands of layoffs other automakers have announced in recent years, factor in that 325 is more than a quarter of Lotus' 1,215 employees.

"We have worked very hard to avoid the need to make the proposal, but do believe that it is now essential," said CEO Jean-Marc Gales in a statement. "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."

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