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Aston Martin to cut 500 jobs and scale back production

1 month ago   |   By Auto Express

Aston Martin is cutting 500 jobs and scaling back its sports car production in the wake of a pre-tax loss of nearly £119 million in the first three months of 2020 caused by coronavirus.
The British luxury car manufacturer has announced it will shortly launch a consultation with the relevant trade unions into proposals to shed 500 employees from it's 2,600-strong workforce.
James Bond's Aston Martins: We drive 007's DB5, DBS, V8 and Valhalla
The move comes as part of a “fundamental reset”, which will see the brand's front-engined sports car production reduced in order to rebalance supply...
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Aston Martin looks to axe 500 jobs and cut sports car production

1 month ago   |   By EVO

Aston Martin has announced that it is looking to make up to 500 staff redundant and reduce production of its sports cars as it looks to save £30 million in a bid to improve cost efficiencies across its business as it fights to deliver profitable growth.
In an announcement to the stock exchange Aston Martin explained that its plan ‘requires a fundamental reset which includes a planned reduction in front-engined sports car production to rebalance supply to demands.' It also confirmed that deliveries of the first DBX models are on track to be delivered this summer.
A consultation period with...
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Aston Martin to cut 500 jobs due to reduced sports car production

Aston Martin to cut 500 jobs due to reduced sports car production

1 month ago   |   By Autocar

Aston Martin Vantage
British firm bids to increase profitability through reducing production levels of sports car lines
Aston Martin is planning to cut up to 500 jobs from its 2600-strong workforce as part of a £10 million cost-cutting programme in the wake of the coronavirus crisis.
The struggling British car maker says that the planned job cuts are intended to help boost profitability by bringing its cost base in line with reduced production levels of its sports car lines.
That's part of recently outlined plan that Aston Martin says will enable it to deliver profitable growth.
In a...
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Aston Martin and Lookers to cut 2,000 jobs between them as sales crash

Aston Martin and Lookers to cut 2,000 jobs between them as sales crash

1 month ago   |   By The Mirror

Dealership Lookers and manufacturer Aston Martin are looking to cut 2,000 jobs between them as sales plummet as a result of the coronavirus pandemic
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Aston Martin to axe 500 jobs due to reduced sports car production

Aston Martin to axe 500 jobs due to reduced sports car production

1 month ago   |   By Autocar

Aston Martin Vantage
British firm bids to increase profitability through reducing production levels of sports car lines
Aston Martin is planning to cut up to 500 jobs as part of a £10 million cost-cutting programme.
The struggling British car maker says that the planned job cuts are intended to help boost profitability by bringing its cost base in line with reduced production levels of its sports car lines. That is part of a plan recently outlined by Aston Martin that it says will enable it to deliver profitable growth.
In a statement, Aston said that strategic plan requires a “fundamental...
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Coronanvirus: Aston Martin plans to cut 500 jobs under turnaround plan

Coronanvirus: Aston Martin plans to cut 500 jobs under turnaround plan

1 month ago   |   By Wessexfm

Aston Martin Lagonda has announced plans to cut up to 500 jobs as the luxury carmaker gears up for a turnaround plan aimed at restoring profitability amid plunging sales.
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Aston Martin cuts 500 jobs as car sales plummet

1 month ago   |   By Evening Standard

Aston Martin will slash 500 jobs as car sales plummet.
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