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Aston Martin will cut up to 20% of its workforce as it tries to save £40m and stabilise its finances.
The luxury carmaker plans to remove about 500 roles. It already eliminated 170 jobs at the start of last year. The company said the latest redundancies follow a review of future staffing needs.
The announcement came with new financial results. Pre-tax losses widened to £363.9m in 2025 from £289.1m the previous year. Weak demand, US tariffs and supply chain disruption hurt performance.
Chief executive Adrian Hallmark said job cuts form only part of a wider restructuring. He described the move as necessary to make the business leaner and more efficient.
Aston Martin operates from Gaydon in Warwickshire and a manufacturing site in St Athan, south Wales. Its shares have lost most of their value since the troubled 2019 stock market listing. The company has since faced repeated losses, excess dealer stock and production difficulties.
The group also pointed to geopolitical pressures. US trade tariffs and an unpredictable policy environment reduced volumes and margins. Demand in China remained extremely subdued after economic weakness and new luxury car tariff rules.
Analysts said external factors do not explain the full decline. They warned that asset sales and job cuts alone will not restore long-term growth. Higher production and stronger sales will be essential for recovery.
Aston Martin shares fell 2% after the results.
