Aston Martin to cut 20% of workforce in effort to save £40m
Details emerge after struggling carmaker reports pre-tax losses of £363.9m for 2025 The luxury carmaker Aston Martin Lagonda is to cut its workforce by 20% as it looks to save about £40m after report
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Aston Martin to cut 20% of workforce in effort to save £40m
Details emerge after struggling carmaker reports pre-tax losses of £363.9m for 2025 The luxury carmaker Aston Martin Lagonda is to cut its workforce by 20% as it looks to save about £40m after reporting widening losses. The group, which said earlier this month it was consulting on the latest redundancy programme, said it would reduce its workforce by up to a fifth after action at the start of last year that cut 170 jobs. Continue reading...
By Guardian staff and agencies
Read full article →Aston Martin axing up to a fifth of workers as losses widen
The luxury car maker said it would reduce its 2,800-strong global workforce by up to 20%, after 170 jobs were cut at the start of last year.
By Holly Williams
Read full article →Aston Martin to cut up to 20% of staff amid tariffs, demand hit
British luxury carmaker Aston Martin on Wednesday announced plans to slash as much as 20% of its workforce after larger annual losses due to U.S. tariffs and weak Chinese demand....
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