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British luxury car maker Aston Martin cuts jobs by 20% as U.S. tariffs hit
- This Wednesday, the British luxury carmaker Aston Martin announced plans to cut up to 20 percent of its workforce as part of an operational review, after recognising a £18.7m provision.
- Facing heightened tariffs in the US and China, Aston Martin said it set aside £18.7m and is consulting on cutting a fifth of its workforce, citing a 21% revenue drop to £1.3bn in 2025.
- The company employed just under 3,000 staff, implying redundancies of more than 500 if 20% is cut; the St Athan factory in the Vale of Glamorgan employs more than 500 local staff.
- Management expects a `material improvement` and annualised opex and capex savings of circa £40m, mostly realised in full year 2026, while planning roughly 500 Valhalla limited-edition hybrid supercar deliveries.
- Having adjusted its organisation in 2025, Aston Martin announced on Wednesday it is consulting on reducing 20% of its global workforce amid industry pressures.
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Coverage Details
Total News Sources18
Leaning Left3Leaning Right5Center4Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 25%
C 33%
R 42%
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