Aston Martin Lagonda Global Holdings Plc will cut as much as 20% of its roughly 3,000 workforce, as the ailing luxury-car maker grapples with an elusive turnaround made harder by US President Donald Trump’s tariffs.
The British company expects savings of around £40 million ($54 million) from the reductions, with related costs of about £15 million, it said Wednesday. The latest planned cuts are deeper than the previous round a year ago, when the carmaker was looking to ax 5% of staff.
It comes as Aston Martin slumped to a £493 million total loss last year and said it …
Aston Martin to Cut Up to 20% of Staff as Turnaround Stalls
