Aston Martin to reduce workforce by 500 jobs after plunging sales during coronavirus crisis

Aston Martin to reduce workforce by 500 jobs under new plans

ASTON Martin plans to cut up to 500 jobs as it prepares for life after the coronavirus crisis.

Aston Martin, a favourite of 007 in the James Bond films, secured a £500million rescue deal In February after suffering since its flotation on the market in 2018. Outgoing chairwoman Penny Hughes said at the time: “Without this, the balance sheet is not robust enough to support the operations of the group.”, founded in 1913, saw profits crash last year as sale prices dipped and dealers ordered fewer cars.

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