Business · 25 February 2026
Aston Martin to cut 600 jobs as losses jump 52 percent
Photo by Samuel Hagger on Unsplash
Aston Martin has announced it will reduce its workforce of around 3,000 by up to 20%, equating to roughly 600 job losses, citing US import tariffs and weak demand in China. The cuts, which include a 5% reduction announced last year, are expected to deliver annual savings of around £40 million. The carmaker posted a net loss of £493.2 million in 2025, up 52% on the prior year. Revenue dropped 21% to £1.258 billion as car sales fell 10% to 5,448 vehicles.
Reported by Reuters · How we write briefs