"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."
"The carmaker blamed 'extremely disruptive' US tariffs introduced under Donald Trump, as well as subdued demand in China, the world's largest automotive market. The company has already warned that tariffs have significantly affected sales in the US, one of its key territories."
"Alongside the workforce reduction, Aston Martin has trimmed its five-year capital expenditure plan to £1.7bn, down from £2bn, by delaying investment in electric vehicle development. The move signals a shift in strategy as the company prioritises short-term cash preservation over accelerated electrification."
Aston Martin is reducing its workforce by 20%, affecting approximately 600 of its 3,000 global employees, with the majority of cuts impacting UK operations. The luxury carmaker reported net losses of £493.2m, a 52% increase from the previous year, alongside operating losses of £259.2m. The restructuring aims to generate £40m in annual savings, primarily realized during 2026. The company attributes its financial challenges to US tariffs under Donald Trump and subdued demand in China. Additionally, Aston Martin reduced its five-year capital expenditure plan from £2bn to £1.7bn, delaying electric vehicle development to prioritize short-term cash preservation.
#workforce-restructuring #financial-losses #us-trade-tariffs #luxury-automotive #ev-investment-delay
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