Aston Martin will cut up to 20% of its workforce as it tries to save about £40m. The move could affect roughly 500 employees.
The luxury carmaker confirmed the decision after reporting deeper pre-tax losses for 2025. Losses rose to £363.9m from £289.1m the previous year. The company had already reduced 170 roles at the start of 2024.
The group said it had reviewed its structure earlier in 2025. It concluded further changes were necessary to support future plans. Chief executive Adrian Hallmark called the cuts an important step toward a leaner business.
Aston Martin has struggled since its 2019 stock market debut. Its shares have lost most of their value. The company has faced repeated losses, excess dealer stock and production problems.
External pressures worsened the situation in 2025. US tariffs increased costs and disrupted volumes and margins. Weak demand in China also hit sales after changes to luxury car import rules.
The carmaker said geopolitical tensions and supply chain disruption created one of its most turbulent years. It warned that even strong luxury brands cannot avoid global trade pressures.
Analysts said internal challenges also continue to weigh on performance. Asset sales and job cuts alone will not secure a recovery. Future success will depend on higher sales and improved efficiency.
Aston Martin is based in Gaydon and also builds cars in St Athan, south Wales. Its shares fell 2% after the results were published.
