After missing out on £27.5m in funding from the Government's Regional Growth Fund, Lotus has announced that 99 jobs are to be cut at its plant in Hethel, Norfolk.
In a letter to staff, chief executive Dany Bahar said there is a “need to reduce headcount in a number of areas.” Management has since taken further steps and invitations have been sent out for voluntary redundancy applications from employees. Mr Bahar said that job cuts were necessary if the future success of the company…
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