Aston Martin will cut up to 20% of its workforce as it tries to save about £40m following another year of heavy losses.
The luxury carmaker plans to shed around 500 roles. It had already eliminated 170 jobs at the start of 2025. The company said the move forms part of a wider effort to reshape the business for the future.
The announcement came with results showing pre-tax losses of £363.9m for 2025. Losses had totalled £289.1m the previous year. The group blamed weaker demand, US trade tariffs and supply chain disruption for the decline.
Chief executive Adrian Hallmark said the cuts alone would not fix the company’s problems. He called them an important step in making the business leaner and more efficient.
Aston Martin, based in Gaydon with production in St Athan, has struggled since its 2019 stock market listing. Its shares have lost most of their value. The company has faced repeated losses, production setbacks and excess dealer inventory.
US tariffs added further pressure during what the firm described as one of its most turbulent years. It also pointed to extremely weak demand in China, a crucial luxury market.
Analysts said external factors only explain part of the downturn. They warned that long-term recovery depends on higher sales and improved efficiency. Deep job cuts could make a rapid increase in output harder to achieve.
Aston Martin’s shares fell by about 2% after the update.
