Aston Martin Cuts 20% of Workforce as Losses Widen

Aston Martin confirmed it will cut 20% of its workforce after reporting a 52% jump in net losses to £493.2 million last year.

The company expects the job cuts to generate about £40 million in annual savings. (Photo: Aston Martin Facebook)

The automaker, headquartered in Gaydon, Warwickshire, employs about 3,000 people, meaning roughly 600 jobs will be eliminated. The company expects the move to generate about £40 million in annual savings.

A spokesperson described US tariffs as “extremely disruptive” and said demand in China — the world’s largest auto market — had been “extremely subdued.”

The firm has also reduced its five-year capital spending plan to £1.7 billion, delaying investment in electric vehicle technology.

The restructuring underscores the mounting pressure on luxury carmakers amid trade tensions, weak global demand, and the costly transition to electrification.