Aston Martin will cut up to 20% of its workforce to save about £40m after reporting deeper annual losses.
The luxury carmaker plans to remove around 500 roles. The move follows 170 redundancies at the start of last year. The company said the cuts form part of a broader restructuring to make the business leaner.
The announcement came with results showing a pre-tax loss of £363.9m for 2025. Losses had totalled £289.1m the previous year. Weak demand, US tariffs and supply chain problems hurt performance.
Chief executive Adrian Hallmark said job reductions alone will not fix the company’s problems. He described the programme as a necessary step to improve efficiency and prepare for the future.
Aston Martin, based in Gaydon with a factory in St Athan, has struggled since its 2019 stock market listing. Its share price has lost most of its value. The company has faced repeated losses, production issues and excess dealer stock.
Trade tariffs introduced by Donald Trump added further pressure in 2025. The carmaker called the year one of its most turbulent, citing an unpredictable policy environment and shrinking margins.
Demand in China, a key market, also remained extremely weak. Economic slowdown and new luxury car tariff rules reduced sales.
Analysts said external pressures do not fully explain the poor results. Aarin Chiekrie of Hargreaves Lansdown warned that asset sales and job cuts will not be enough. He said long-term recovery depends on higher production and stronger sales.
Aston Martin shares fell 2% after the update.
