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 announced the plan after reporting a pre-tax loss of £363.9m for 2025. Losses had already reached £289.1m the previous year. The company had also cut 170 jobs at the start of 2024.
The firm said it had to make further organisational changes to match future plans. Chief executive Adrian Hallmark called the reductions part of a broader effort to make the business leaner and more efficient.
Aston Martin faced intense pressure during the year. Higher US tariffs and weak global demand reduced sales and margins. The company described 2025 as one of its most turbulent periods.
Demand in China, a key market, remained extremely subdued. Economic weakness and new luxury car tariff rules hurt performance.
The carmaker has struggled since its 2019 stock market listing. It has reported repeated losses, dealt with excess dealer stock and faced ongoing production problems. Investors had expected poor results after multiple profit warnings and the sale of its Formula One naming rights.
Analysts said external factors do not explain all the difficulties. They pointed to falling sales volumes and structural issues. They warned that job cuts and asset sales alone will not secure a recovery.
Shares fell 2% after the announcement, underlining investor concern about the company’s long-term turnaround.
