Aston Martin will cut up to 20% of its workforce as it tries to save about £40m. The move could affect around 500 employees and follows 170 job cuts made early last year.
The luxury carmaker announced the reductions after reporting pre-tax losses of £363.9m for 2025. Losses rose sharply from £289.1m the previous year as demand weakened and US tariffs increased pressure.
The company said it had already reviewed its structure at the start of 2025. It later decided further changes were necessary to prepare for future plans. Chief executive Adrian Hallmark called the cuts an important step toward a leaner business.
Aston Martin, headquartered in Gaydon with a factory in St Athan, has struggled since its 2019 stock market listing. Its shares have lost most of their value. The group has faced repeated losses, production problems and excess dealer stock.
The carmaker blamed a turbulent trading environment. It cited US trade tariffs, supply chain disruption and an unpredictable policy landscape. It also pointed to very weak demand in China, a key market, after economic slowdown and tariff rule changes.
The company recently issued its fifth profit warning since September 2024. It also sold the permanent naming rights to its Formula One team to raise funds.
Analysts said external pressures do not explain all the problems. They warned that asset sales and job cuts alone will not restore long-term growth. Stronger sales volumes and higher output will be essential for recovery.
Aston Martin shares fell 2% after the results.
