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Aston Martin Cuts 170 Jobs Amid £289 Million Losses

2/27/2025

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Summary

Story summary

Aston Martin plans to reduce its workforce by 5%, cutting 170 jobs due to a 20% rise in losses and declining sales.
The company targets £25 million in annual savings, with half anticipated this year, while introducing new models to enhance sales.
Pre-tax losses hit £289 million, and debt increased to £1.16 billion, alongside a 9% drop in wholesale volumes.
The launch of its first fully-electric vehicle is postponed to later in the decade, prioritizing plug-in hybrids instead.

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Story summary

Aston Martin plans to reduce its workforce by 5%, cutting 170 jobs due to a 20% rise in losses and declining sales.
The company targets £25 million in annual savings, with half anticipated this year, while introducing new models to enhance sales.
Pre-tax losses hit £289 million, and debt increased to £1.16 billion, alongside a 9% drop in wholesale volumes.
The launch of its first fully-electric vehicle is postponed to later in the decade, prioritizing plug-in hybrids instead.