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Aston Martin announces 20% workforce reduction
The British luxury carmaker will eliminate approximately 600 positions after reporting a 52% increase in net losses for 2025, reaching £493.2 million.
Financial struggles and external pressures
Aston Martin attributed its challenges to multiple factors, including trade policies under former U.S. President Donald Trump and weak demand in China, the largest global automobile market.
A company spokesperson described U.S. tariffs as "extremely disruptive" and noted that sales in China had been "extremely subdued."
Cost-cutting measures and strategic shifts
The job cuts are expected to generate annual savings of around £40 million, with most of the reductions taking effect this year. The company did not specify a timeline for the layoffs.
Additionally, Aston Martin has scaled back its five-year capital expenditure plan from £2 billion to £1.7 billion, delaying investments in electric vehicle technology.
"Having undertaken at the start of 2025 a process to make organisational adjustments to ensure the business was appropriately resourced for its future plans, we had to take the difficult decision at the end of 2025 to implement further changes. This latest programme will ultimately see the departure of up to 20% of our valued workforce."
Aston Martin statement
Impact on UK operations
The majority of the job losses are expected to affect the UK, where most of Aston Martin's workforce is based. The company employs around 3,000 people across its headquarters in Gaydon, Warwickshire, and a facility in St Athan, south Wales.
Roles across various departments, including factory staff, will be impacted. Aston Martin also maintains global offices and dealerships.
Background and outlook
Aston Martin, known for its association with the James Bond franchise, has faced financial difficulties for several years. The company stated that the latest restructuring aims to align its workforce with future business plans.
