Luxury carmaker Aston Martin is planning a new round of job cuts as it reels under the impact of US tariffs and a worsening financial performance.
The company said last month that it would be consulting on redundancies but has now said it plans to cut its workforce by up to 20% - with around 600 jobs to go from a workforce totalling approximately 3,000.
Aston Martin estimates the cuts will save around GBP40m. Most of the jobs lost would likely be in the UK.
The firm reported 2025 revenues down by around a fifth and an adjusted EBIT loss of GBP189m on the back of US tariffs (wholesales there down 3% at 1,868 in 2025) and subdued sales in China (wholesales down 21% at 968 units). That 2025 loss is a widening versus a comparable figure of GBP82.8m in 2024. The quarterly trend also worsened during 2025.
The BBC also reported that Aston Martin has trimmed its five-year capital spending plan to £1.7bn from £2bn by delaying investment in electric vehicle technology.
