We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Aston Martin to shed up to 500 jobs in bid to cut costs

Thu, 04th Jun 2020 07:21

LONDON, June 4 (Reuters) - British luxury carmaker Aston
Martin said on Thursday it plans to shed up to 500 jobs
as it seeks to bring its cost base into line with reduced sports
car production levels.

It said the job losses reflected lower than originally
planned production volumes and improved productivity across the
business. An employee and trade union consultation process will
be launched in the coming days.
(Reporting by James Davey; editing by Kate Holton)

Related Shares

More News
15 Apr 2024 09:49

LONDON BROKER RATINGS: UBS raises Crest Nicholson; Stifel cuts CRH

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

11 Apr 2024 14:25

Aston Martin to make petrol cars "for as long as allowed" — Stroll

(Alliance News) - Gaydon, England-based luxury carmaker Aston Martin Lagonda Global Holdings PLC will continue to produce traditional combustion-engin...

5 Apr 2024 15:22

London close: Stocks finish lower as US payrolls top forecasts

(Sharecast News) - London markets closed lower on Friday amid a backdrop of heightened investor caution, following robust US job data for March, hawki...

4 Apr 2024 15:58

London close: Stocks manage gains ahead of US payrolls report

(Sharecast News) - London markets closed higher on Thursday, driven by a robust showing from the mining sector and as investors contemplated the UK se...

4 Apr 2024 14:26

FTSE 250 movers: Media stocks Future and Ascential see shares surge

(Sharecast News) - Future stole the show on Thursday after the media group reported a return to organic revenue growth in its second quarter, largely ...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.