The company plans to reduce its global workforce by 5% as part of a cost-savings push after it reported weaker earnings and revenue, and pushed back the launch of its first fully electric car.

Luxury carmaker Aston Martin is to cut 5% of its workforce, amounting to 170 jobs, in an effort to save £25 million amid rising losses and debt.

Aston Martin CEO Adrian Hallmark has confirmed that around 170 employees - or circa five per cent of the workforce - will leave the brand this year. The departures will be throughout the business, and are expected to save Aston Martin around £25m as it aims to forge a path towards consistent, sustainable profitability.

Luxury car manufacturer Aston Martin is proposing to cut 170 jobs in a drive to boost productivity. New CEO Adrian Hallmark said 5% of its global workforce will depart, making savings of £25m, as the manufacturer looks to ‘optimise’ its structure and deliver long-term growth.

Aston Martin Lagonda said on Wednesday that it was planning to axe around 5% of its global workforce in a bid to cut costs, as it reported a widening of its losses.

Aston Martin has cut 170 jobs after losses widened by a fifth last year and fewer cars were sold in 2023 following a string of supply chain issues and production delays. The luxury auto manufacturer,

Aston Martin, one of the global luxury car manufacturers, has announced a 5% reduction in its workforce following significant losses in the last quarter of the year. This decision comes as the company struggles to adapt to the rapid industry shift towards electric vehicles,

Aston Martin will be laying off 170 employees as it attempts to find a path back toward profitability. While the figure is admittedly small, Aston only has a little over 3,000 employees globally. That makes this about as relevant as when one of the big brands (e.

Aston Martin has reported its financial results for 2024, and it's not rosy. The automaker lost even more money last year—£289.1 million ($366.1 million at today's exchange rate). That's up from the £239.

Job losses are expected to save Aston Martin £25 million as it struggles with supply chain disruptions, inefficiencies, and weak Chinese demand. View on euronews