"Annual results show that pre-tax losses surged to £363.9 million in 2025, up from £289.1 million the previous year, underscoring the significant financial difficulties the company and its stakeholders face. The decline in sales is driven by declining global demand, US import tariffs, and lower-than-expected sales volumes, reflecting broader market pressures that are impacting the company's performance."
"Aston Martin's plan to cut around £40 million in costs reflects a proactive approach to market challenges, demonstrating its commitment to financial stability and reassuring stakeholders of ongoing efforts to adapt and improve. Employees were informed of the planned cuts at the end of last year, affecting roles across the business, including factory positions."
"Having undertaken at the start of 2025 a process to make organisational adjustments to ensure the business was appropriately resourced for its future plans, we had to take the difficult decision at the end of 2025 to implement further changes. This latest programme will ultimately see the departure of up to 20% of our valued workforce."
Aston Martin, a luxury car manufacturer employing approximately 2,800 staff worldwide, has announced plans to eliminate up to 20% of its workforce, affecting nearly 600 positions. This redundancy programme follows 170 job cuts announced at the start of the previous year. The majority of reductions will occur in the United Kingdom, where most employees are based. The company aims to cut around £40 million in costs as part of its financial stabilization strategy. Pre-tax losses surged to £363.9 million in 2025, compared to £289.1 million previously. Total wholesale sales declined 10% to 5,448 vehicles, driven by declining global demand, US import tariffs, and lower-than-expected sales volumes. Employees were informed of the planned cuts at the end of 2025, affecting roles across the business including factory positions.
Read at London Business News | Londonlovesbusiness.com
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