Aston Martin to cut 600 jobs

Aston Martin to cut 600 jobs

Ford may have cut loose Aston Martin just in time with recent announcements that Aston plans to cut up to 600 jobs shortly. The company is currently working with its union to cut an initial 300 jobs from both the permanent and temporary worker ranks. Aston Martin joins Bentley which is also reporting job losses  due to the now official recession that the global economy has descended into. Prior to Ford selling off the brand, Aston was believed to have been the only profitable member of the former Premier Automotive Group.

Aston Martin Chief Executive Officer, Dr Ulrich Bez is keeping his chin up and says, “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. 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.”

Who will be next to start cutting jobs?

Ford may have cut loose Aston Martin just in time with recent announcements that Aston plans to cut up to 600 jobs shortly. The company is currently working with its union to cut an initial 300 jobs from both the permanent and temporary worker ranks. Aston Martin joins Bentley which is also reporting job losses  due to the now official recession that the global economy has descended into. Prior to Ford selling off the brand, Aston was believed to have been the only profitable member of the former Premier Automotive Group.

Aston Martin Chief Executive Officer, Dr Ulrich Bez is keeping his chin up and says, “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. 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.”

Who will be next to start cutting jobs?

« | »

Let us know what you think

Loading Facebook Comments ...

Road Tests

Silver Sponsors

Car and SUV Team

Richard-Edwards-2016Richard Edwards

Managing editor

linkedinphotoDarren Cottingham

Motoring writer

robertbarry-headRobert Barry

Chief reporter

Ian-Ferguson-6Ian Ferguson

Advertising Consultant

debDeborah Baxter

Operations Manager

RSS Latest News from Autotalk

RSS Latest News from Dieseltalk

Read previous post:
Subaru Impreza WRC concept

GRID's Subaru Impreza concept leaves the current model's design in the dust

Close