The company plans to reduce its global workforce by 5% as part of a cost-savings push after it reported weaker earnings and revenue.

Luxury carmaker Aston Martin said on Wednesday it will cut about 5% of its global workforce, or 170 employees, to further reduce costs and drive future investments. "We are commencing a process to make organisational adjustments,

The iconic British manufacturer, renowned for producing James Bond's vehicles, has not yet specified whether the job cuts will affect manufacturing or office-based roles

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(Reuters) -Luxury carmaker Aston Martin said on Wednesday it will cut about 5% of its global workforce to further reduce costs and drive future investments, and delayed the launch of its first battery electric vehicle (BEV) for the second time.

Aston Martin Lagonda Global Holdings Plc is cutting around 170 staff, or 5% of the workforce, as the British luxury carmaker tries to reverse years of losses.

The luxury car manufacturer said 170 people would be affected, after its losses widened in 2024 following a slump in wholesale volumes.