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The Guardian - UK
The Guardian - UK
Business
Alex Daniel and agencies

Aston Martin to cut 20% of workforce in effort to save £40m

Aston Martin Aarin Chiekrie
A DBX 707 at the Aston Martin St Athan factory in Barry, Wales, in 2022.
Investors had been braced for the losses after Aston Martin last week issued its fifth profit warning since September 2024. Photograph: Ben Birchall/PA

The luxury carmaker Aston Martin Lagonda is to cut its workforce by 20% as it looks to save about £40m after reporting widening losses.

The group, which said earlier this month it was consulting on its latest redundancy programme, said it would reduce its workforce by up to a fifth, or about 500 employees, after action at the start of last year that cut 170 jobs.

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