Aston Martin will cut up to 20% of its workforce as it tries to save about £40m following heavy losses in 2025.
The luxury carmaker plans to remove around 500 roles. It had already eliminated 170 jobs at the start of last year. The company said the move forms part of a wider effort to reshape the business for the future.
The announcement came as Aston Martin reported a pre-tax loss of £363.9m for 2025. Losses stood at £289.1m the previous year. Weak demand, US tariffs and supply chain disruption hit trading and margins.
Chief executive Adrian Hallmark said the cuts alone would not fix the company’s structure. He called them a necessary step to make the group leaner and more efficient.
The carmaker, 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, inventory problems and production setbacks.
US trade tariffs made 2025 one of its most turbulent years. Aston Martin also reported very weak demand in China, a key market, after economic slowdown and changes to luxury car import rules.
Analysts said external pressures do not explain the full picture. They warned that asset sales and job cuts can only achieve so much. Long-term recovery will depend on higher sales volumes and improved efficiency.
Shares in Aston Martin fell 2% after the results.
