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.

洞察:
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.
FILE PHOTO: The Aston Martin logo is seen on a V12 Vantage car at the company’s factory in Gaydon, Britain, March 16, 2022. Picture taken March 16, 2022. REUTERS/Phil Noble/File Photo
FILE PHOTO: The Aston Martin logo is seen on a V12 Vantage car at the company’s factory in Gaydon, Britain, March 16, 2022. Picture taken March 16, 2022. REUTERS/Phil Noble/File Photo
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