Luxury car manufacturer Aston Martin Lagonda is set to axe nearly 600 jobs, representing up to a fifth of its global workforce, as it confronts widening annual losses and pressure from US tariffs. The reduction, affecting up to 20 per cent of its 2,800 employees worldwide, follows a previous round of 170 redundancies announced in early 2025.
The company confirmed the plans after revealing earlier this month that it was consulting on the latest redundancy programme. In a statement, Aston Martin said it had taken the “difficult decision” to implement further changes, with the programme ultimately seeing the departure of up to 20 per cent of its workforce. The redundancies are part of efforts to cut costs by around £40 million, most of which will be stripped out this year.
The majority of cuts will impact the UK, where the bulk of Aston Martin’s workers are based, with roles across the business affected, including factory staff. The group is headquartered in Gaydon, Warwickshire, and also has a UK site in St Athan, Wales, as well as worldwide offices and dealerships.
Annual results for 2025 showed pre-tax losses widened to £363.9 million from £289.1 million the previous year, as trading came under pressure from US tariff hikes and weak demand. Total wholesale sales volume dropped 10 per cent to 5,448. The US is the car maker’s largest market, but it was hit by a 10 per cent tariff last year, reduced from a previously planned 27.5 per cent.
Adrian Hallmark, Aston Martin chief executive, said the company navigated a “highly challenging trading environment” in 2025, with an “unprecedented backdrop of geopolitical uncertainties and macroeconomic pressures, including heightened tariffs in the US and China.” He added that the year ahead was set to see “a material improvement in financial performance,” but tariffs remain a headache. The group continues to engage with both the US and UK governments to secure greater clarity and certainty on automotive tariffs.
