The luxury car manufacturer Aston Martin have said they plan to axe up to 500 jobs as part of restructuring, which will cost around £12m.
They will shortly start consultations with employees amid lower than normal production volumes.
The strategy is intended to deliver £10m in operating cost savings year on year, and they will save £8m from reduced manufacturing costs due to lower demand.
The new SUV DBX is on track this summer with a “strong order book,” the company told investors on Thursday.
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