As Aston Martin embarks on its ambitious new turnaround plan led by recently-appointed chief executive Andy Palmer, it has been revealed that about 15 per cent of its employees will lose their jobs.
As it stands, Aston Martin employs 2100 people and the company has confirmed that as many as 295 jobs could be cut. The Unite trade union claims job losses could reach the 314 mark. Most of the jobs cuts will come from the company’s headquarters in Gaydon, England particularly in its administrative, professional and managerial departments.
Aston Martin is in quite a unique position in the automotive industry as it is one of just a small handful of high-end luxury automakers not owned by a larger car company. With that being said, Aston Martin has secured a deal with Mercedes-AMG which will see the German marque providing the British firm with turbocharged engines for its future models.
Last year, Aston Martin sold a total of 3700 cars. In the future however, it hopes to see sales of its sports cars alone reach 7000 with an additional 15,000 units of the recently-confirmed DBX crossover being produced annually.