Aston Martin announces job cuts
UK car manufacturer, Aston Martin has announced plans to cut up to 20% of its workforce after reporting a 52% increase in annual losses, which reached £493.2m (€577.0m) last year.
Around 600 roles are expected to be affected, primarily in the UK, including positions across manufacturing and office functions at sites in Gaydon and St Athan.
The company said the job reductions should deliver annual savings of around £40m (€46.8m). It cited weak demand in China and disruption from US tariffs as key challenges affecting performance. Aston Martin has also reduced its five-year capital investment plan to £1.7bn (€1.99bn), delaying some electric vehicle projects, while continuing to review organisational resources to ensure the business is positioned for future growth.
A spokesperson described the decision as a difficult but necessary step to align staffing with the company’s strategic priorities and secure its long-term financial stability. They previously reported a smaller round of job cuts in 2025, when Aston Martin reduced 5% of its workforce following a rise in pre-tax losses, highlighting the company’s ongoing efforts to restructure and strengthen its operations.
