- Luxury car manufacturer Aston Martin Lagonda is set to cut nearly 600 jobs, affecting up to 20 per cent of its global workforce.
- This significant reduction follows widened annual pre-tax losses of £363.9 million in 2025, up from £289.1 million the previous year.
- The job cuts are part of a strategy to reduce costs by approximately £40 million, with the majority of these savings expected this year.
- Most of the redundancies will impact the UK, where the bulk of Aston Martin's employees, including factory staff, are based.
- The company's financial struggles are attributed to factors such as US tariff hikes and weak demand, despite ongoing efforts to improve performance under Canadian billionaire Lawrence Stroll.
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