Aston Martin will cut up to 20% of its workforce to save about £40m. The plan could affect around 500 employees.
The luxury carmaker confirmed the move after reporting pre-tax losses of £363.9m for 2025. Losses had reached £289.1m the previous year. Weak demand and higher US tariffs hit trading.
The company had already reduced 170 roles at the start of 2025. It said the new cuts form part of a wider restructuring. The group aims to become leaner and better prepared for future plans.
Chief executive Adrian Hallmark said the job losses alone would not complete the “rightsizing” process. He called them an important step toward a more efficient business.
Aston Martin is based in Gaydon and also builds cars in St Athan in south Wales. Canadian billionaire Lawrence Stroll remains the majority owner.
Investors expected the poor results after the firm issued its fifth profit warning since September 2024. It also sold the permanent naming rights to its Formula One team to raise funds.
The company has struggled since its 2019 stock market listing. It has faced repeated losses, production problems and excess dealer stock. Its shares have lost most of their value.
Management said US trade tariffs and supply chain disruption made 2025 one of its most turbulent years. Demand in China remained extremely weak because of economic slowdown and new tariff rules on luxury cars.
Analysts said external pressures do not explain all the problems. They warned that asset sales and job cuts can only go so far. Long-term recovery will depend on higher sales and improved efficiency.
Aston Martin shares fell 2% after the announcement.
