Aston Martin to cut 20% of staff
The Peninsula
London: British luxury carmaker Aston Martin on Wednesday announced plans to cut up to one fifth of its workforce after widening annual losses on US t...
London: British luxury carmaker Aston Martin on Wednesday announced plans to cut up to one-fifth of its workforce after widening annual losses on US tariffs and weak Chinese demand.
The job losses total around 600, with Aston Martin employing some 3,000 people.
"In 2025, the global luxury automotive market faced one of its most turbulent years in recent times," group chief executive Adrian Hallmark said in a statement.
Automakers have been among the companies hit hardest by Trump's tariffs onslaught as he tries to bring auto production back to the United States.
Aston Martin limited imports to the United States in April and May while awaiting a trade agreement between London and Washington.
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