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Layoffs hit Panoz in what is called "restructuring efforts" -Cars Automobiles

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PanozThe small Georgian manufacturer of low-volume sports cars in Georgia, perhaps known for its racing heritage, has fired some of its engineers and maintenance staff as part of its "restructuring efforts."

The layoffs were not mentioned in the company's recently announced announcement that it was "excited" to restructure the organization, which was "focused on increasing efficiency and increasing revenue." Panoz COO Josh Brewton confirmed to Jalopnik in an email today that this would be the case, not a break [their] Ability to work at the high quality and service level of our customers. "

Brewton said the restructuring was to "achieve economies of scale and efficiency gains in all Panoz companies", with the layoffs allegedly including non-automotive personnel at Panoz. Brewton told Jalopnik that no further layoffs are planned.

Panoz LLC, the automotive arm of the larger Panoz Group, has been working on its new Avezzano sports car, the road version of the Avezzano Pirelli World Challenge race car worth $ 159,900. She also recently pledged her pledge Return to the race in 2019 In honor of the late Don Panoz, who died in September of this year, chairman of the company.

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