The luxury automaker will cut 5% of its workforce to save 25 million pounds, its chief executive said on Wednesday.

Comment Now! Aston Martin's pre-tax losses rose by 48.7% to $322 million in 2024; The automaker is cutting 170 staff, representing about 5%

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

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 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 has confirmed that hundreds will lose their job amid major financial savings from the luxury brand.

The luxury auto manufacturer, which has its headquarters in Gaydon, Warwickshire, said it planned to axe 5% of the workforce as part of cost-cutting measures to return to profit. All of the company's departments have been hit,

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.

Sales are down and debt is up at Aston Martin, leaving it with hard decisions to make if it wants to financially recover this decade—let alone this year.