Aston Martin to cut 20% of workforce in effort to save £40m

Details emerge after struggling carmaker reports pre-tax losses of £363.9m for 2025

The luxury carmaker Aston Martin Lagonda is to cut its workforce by 20% as it looks to save about £40m after reporting widening losses.

The group, which said earlier this month it was consulting on the latest redundancy programme, said it would reduce its workforce by up to a fifth after action at the start of last year that cut 170 jobs.