Aston Martin, facing its fifth consecutive year of losses, has announced a 5% reduction in its workforce, equating to approximately 170 job cuts. The luxury car manufacturer described the decision as both "difficult but necessary," emphasizing the need to align resources with future strategic plans. They aim to achieve financial savings of £25 million through these layoffs, highlighting ongoing challenges in maintaining profitability in a competitive market.
Aston Martin announced a 5% cut in workforce, planning to eliminate 170 jobs, as losses increase for the fifth consecutive year.
The luxury car maker emphasized that these job cuts are a "difficult but necessary action" to align resources with future plans.
In a bid to improve financial health, Aston Martin is targeting savings of £25 million while navigating ongoing losses.
The company's leadership reiterated the importance of being "appropriately resourced" for upcoming challenges and opportunities they face.
Collection
[
|
...
]