Pursuits
Aston Martin to Scrap Almost 300 Jobs in Cost-Cutting Push
- British sports-car maker to eliminate about 15% of workforce
- Jobs affected to be mostly administrative, managerial: union
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Aston Martin said it will eliminate as many as 295 jobs from its workforce of 2,100 people as the luxury automaker seeks to cut costs and “rebalance” the business.
Offers of early retirement and voluntary redundancies will be made to limit the impact on staff, while full-year production rates and sales projections are unchanged, Aston Martin said in an e-mailed statement Thursday. The company still plans to develop new models and increase output.