Gaydon, England – Aston Martin and its trade union partners have begun consultation on a range of cutbacks. The automaker said that while it hopes to minimize the effect on employees, it cannot rule out the possibility of a loss of up to 300 permanent jobs and a similar number of temporary job cuts.
“Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecedented downturn in the global economy,” said Dr. Ulrich Bez, Aston Martin CEO. “These are regrettable but necessary measures in the extraordinary market conditions we all now face. Overall, we remain confident that the Aston Martin brand is the strongest it has ever been, (and) with dedicated design, engineering and manufacturing facilities, and an award-winning product range, we remain well positioned for the upturn in the economy.”