Aston Martin will cut up to 20% of its workforce to save about £40m. The move could affect around 500 employees.
The luxury carmaker had already removed 170 roles at the start of 2025. It said further changes were necessary to prepare the business for the future. The company called the decision difficult but essential.
The announcement came with new financial results. Aston Martin reported pre-tax losses of £363.9m for 2025. Losses had been £289.1m the previous year.
Trading suffered from higher US tariffs and weak global demand. The company also faced supply chain disruption and a volatile political environment. It described 2025 as one of its most turbulent years.
Demand in China remained extremely subdued. Changes to luxury car tariffs and a slowing economy hit sales in a key market.
Chief executive Adrian Hallmark said job cuts alone would not fix the company. He called them one part of a wider plan to make the business leaner and more efficient.
Aston Martin, based in Gaydon with production in St Athan, has struggled since its 2019 stock market listing. It has endured heavy losses, production problems and excess dealer inventory. Its shares have lost most of their value.
The group recently issued its fifth profit warning since September 2024. It also sold the permanent naming rights to its Formula One team to raise cash.
Analysts said external pressures only partly explain the poor performance. They warned that long-term recovery depends on higher sales volumes and improved efficiency.
Aston Martin shares fell 2% after the results.
