Aston Martin to reduce workforce
Aston Martin has released a press release stating that it is in discussions with its Trade Union partners in a bid to reduce operating costs. The sportscar maker admitted that there was the possibility of 300 permanent job losses and a further 300 temporary layoffs.
Aston Martin Chief Executive Officer, Dr Ulrich Bez said: "Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecedented downturn in the global economy. These are regrettable but necessary measures in the extraordinary market conditions we all now face."
In the UK, Aston Martin employs about 1,800 people, so the redundancies would represent a third of the company's workforce, though the company hopes to forge ahead with new model plans, including a four-door GT car rivalling the new Porsche Panamera.
Bez continued: "Overall we remain confident that the Aston Martin brand is the strongest it has ever been - with dedicated design, engineering and manufacturing facilities and an award-winning product range, we remain well positioned for the upturn in the economy."
