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 announced the plan after reporting pre-tax losses of £363.9m for 2025. Losses had already reached £289.1m the previous year. The company had also removed 170 roles at the start of 2025.
The firm said it had to make difficult decisions to prepare for future plans. Chief executive Adrian Hallmark called the cuts an important step toward a leaner business. He said the programme would not solve every structural issue.
Aston Martin blamed US trade tariffs, weak global demand and supply chain disruption for a turbulent year. It also pointed to extremely subdued sales in China, one of its key markets. Changes to Chinese luxury car tariffs and a slowing economy reduced demand.
The company has struggled since its 2019 stock market listing. It has faced repeated losses, production problems and a dealer inventory crisis. Its shares have lost most of their value.
Investors had expected bad results after the group 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 the full picture. They highlighted internal challenges and falling sales volumes. They warned that deep job cuts could make future production growth harder.
Aston Martin’s shares fell 2% after the announcement.
