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 confirmed the redundancies after reporting deeper 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 2025.
The group said it must reshape the business for future plans. It called the decision difficult but necessary. Chief executive Adrian Hallmark said the cuts form part of a wider effort to make the company leaner and more efficient.
The results follow a turbulent period. Aston Martin has issued five profit warnings since September 2024. It has also sold the permanent naming rights to its Formula One team.
External pressures have hit performance. US trade tariffs increased costs and disrupted volumes. Demand in China remained extremely weak after changes to luxury car import rules. The company also faced supply chain problems and lower production efficiency.
The carmaker has struggled since its 2019 stock market debut. It has recorded repeated heavy losses, excess dealer inventory and ongoing manufacturing challenges. Most of its market value has disappeared.
Analysts said the problems extend beyond global conditions. They warned that asset sales and job cuts alone will not secure a recovery. A sharp reduction in staff could also limit future production growth.
Aston Martin’s shares fell 2% after the announcement.
