Aston Martin cuts one fifth of staff following weak demand and US tariffs
The luxury carmaker announced a 20 percent staff reduction today following poor annual profits. Weak Chinese demand and US tariffs continue to hurt performance.
Insights:
Aston Martin Lagonda Global Holdings plc announced on Wednesday that it will cut 20% of its workforce after reporting a worse-than-expected annual profit. This announcement marks a second large-scale reduction for the company, which is currently facing significant structural pressures and a stressed financial position.
