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 had already removed 170 roles at the start of last year. It said the latest redundancies form part of a wider restructuring plan. The company aims to become leaner and better prepared for future production.
The announcement followed new financial results. Aston Martin reported pre-tax losses of £363.9m for 2025, up from £289.1m the previous year. Weak demand and higher US tariffs damaged trading.
Chief executive Adrian Hallmark said job cuts alone would not solve the company’s problems. He called them an important step in a broader recovery strategy.
The carmaker, based in Gaydon with a factory in St Athan, has struggled since its 2019 stock market listing. It has faced repeated losses, excess dealer stock and production difficulties. Its shares have lost most of their value.
The company described 2025 as one of its most turbulent years. It blamed an unpredictable trade environment, supply chain disruption and lower efficiency. It also pointed to extremely weak demand in China after economic slowdown and tariff changes.
Analyst Aarin Chiekrie said external pressures tell only part of the story. He noted deeper internal challenges that complicate a recovery. Asset sales and job cuts, he said, can only go so far.
He added that long-term success depends on increasing sales volumes. Large workforce reductions could make any rapid production growth harder to achieve.
Aston Martin shares fell 2% after the results.
