Aston Martin will cut up to 20% of its workforce as it tries to save £40m. The move could affect about 500 employees.
The luxury carmaker announced the plan after reporting a pre-tax loss of £363.9m for 2025. Losses increased from £289.1m the previous year. The company had already cut 170 roles at the start of 2025.
The group said it must reshape the business for future plans. It called the decision difficult but necessary. Canadian billionaire Lawrence Stroll remains the majority owner.
Chief executive Adrian Hallmark said job cuts alone will not solve the company’s problems. He described them as part of a wider effort to make the business leaner and more effective.
Aston Martin has struggled since its 2019 stock market listing. The company has faced heavy losses, production issues and excess dealer stock. Its share price has lost most of its value.
Higher US tariffs and weak global demand added pressure in 2025. The company described the year as one of its most turbulent. Trade barriers reduced volumes, efficiency and profit margins.
Demand in China remained extremely subdued. Changes to luxury car tariffs and a slowing economy hurt sales in a key market.
Analyst Aarin Chiekrie said external factors do not explain all the problems. He pointed to internal challenges and falling sales volumes. He warned that deep job cuts could make future production increases harder.
Investors had expected poor results after several profit warnings. The company also sold the permanent naming rights to its Formula One team.
Aston Martin shares fell 2% after the announcement.
