Aston Martin will cut up to 20% of its workforce in a bid to save about £40m. The move could affect around 500 employees.
The luxury carmaker confirmed the plan 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 2024.
The group said it had to make further organisational changes to prepare for the future. Chief executive Adrian Hallmark called the cuts an important step toward a leaner structure. He said redundancies alone would not solve the company’s wider challenges.
Aston Martin blamed its performance on higher US tariffs, weak global demand and supply chain disruption. It described 2025 as one of its most turbulent years. The company also pointed to extremely subdued sales in China, a key market.
Investors had expected the results after five profit warnings since September 2024. The carmaker also sold the permanent naming rights to its Formula One team to raise funds.
The business, headquartered in Gaydon with production in St Athan, has struggled since its 2019 stock market listing. It has faced heavy losses, inventory problems and production setbacks. Its shares have lost most of their value.
Analysts said external pressures only tell part of the story. They warned that asset sales and job cuts cannot secure long-term recovery. Future success will depend on higher sales volumes and improved efficiency.
Aston Martin’s shares fell 2% after the announcement.
