Aston Martin will cut up to 20% of its workforce as it tries to save about £40m. The move could affect around 500 employees.
The luxury carmaker confirmed the redundancies after reporting pre-tax losses of £363.9m for 2025. Losses stood at £289.1m the previous year. The company had already eliminated 170 roles at the start of 2025.
Chief executive Adrian Hallmark said the cuts form part of a wider plan to make the business leaner and more effective. He stressed the reductions alone will not solve the company’s long-term challenges.
The carmaker blamed weak demand, higher US tariffs and supply chain disruption for one of its most turbulent years. It also cited extremely subdued sales in China after economic slowdown and changes to luxury car import rules.
Aston Martin, majority-owned by Canadian billionaire Lawrence Stroll, has struggled since its 2019 stock market listing. It has faced repeated losses, production problems and excess dealer inventory. Its shares have lost most of their value.
The company recently issued its fifth profit warning since September 2024 and sold the permanent naming rights to its Formula One team. Its latest results confirmed investor concerns, and the share price fell again.
Analysts said external pressures explain only part of the decline. They warned that job cuts and asset sales cannot restore growth on their own. A sustained recovery will depend on higher production volumes and stronger demand.
