Aston Martin May Lay Off up to a Third of its Workforce

The ongoing slaughtering of auto-related jobs continues today with a new announcement from Aston Martin that said it has begun talks with its Trade Union partners in order to cut back on its workforce as car sales continue to drop. The British marque said that although no decision has been made yet, it cannot rule out the possibility of up to 300 permanent and a similar number of temporary job losses. In the U.K. Aston Martin employs around 1,800 people, meaning that the firm could lay off a third of its workforce.

Aston Martin Chief Executive Officer, Dr Ulrich Bez said: "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."