HomeBusiness NewsBusinessAutomotiveAston Martin to axe up to 500 jobs

Aston Martin to axe up to 500 jobs

by LLB Reporter
4th Jun 20 8:53 am

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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