Aston Martin to Cut Fifth of Jobs Amid Rising Losses
Aston Martin has announced plans to reduce its workforce by about 20% after reporting a sharp increase in annual losses, underscoring the pressures facing the luxury carmaker.
The company said net losses widened by 52% last year to £493.2m, prompting a restructuring that will affect roughly 600 jobs. Aston Martin employs around 3,000 people globally, with most of its staff based in the UK.
In a statement, the carmaker said the job cuts are expected to deliver annual savings of about £40m, with most of the financial benefits anticipated this year. It did not give a specific timeline for when the reductions would take place.
Aston Martin blamed a combination of external and market factors for its performance, citing disruption from US tariffs and weak demand in China, the world’s largest automotive market. A spokesperson described the tariffs as “extremely disruptive” and said sales conditions in China had been “extremely subdued”.
The company has also scaled back its investment plans, trimming its five-year capital expenditure budget to £1.7bn from £2bn. Part of the reduction will come from delaying spending on electric vehicle technology.
Aston Martin said it began reviewing its organisational structure at the start of 2025 to better align resources with future plans, but later concluded that deeper changes were necessary. “This latest programme will ultimately see the departure of up to 20% of our valued workforce,” the company said.
Most of the job losses are expected to affect the UK, including roles across the business such as factory positions. Aston Martin is headquartered in Gaydon, Warwickshire, and also operates a manufacturing site in St Athan, south Wales, alongside offices and dealerships worldwide.
