Aston Martin to cut down costs and sack 500 employees

Aston Martin to cut down costs and sack 500 employees

Aston Martin are going to cut down costs and sack a number of employees. As reported by Reuters press agency, the British car manufacturer is supposedly about to downsize its own work staff in order to bring costs into alignment, following production downturn. Yet, allegedly, such measures are going to involve suppliers as well.

Aston Martin cut down

According to Reuters, by implementing the above-mentioned measures Aston Martin “will downsize their organizational set-up and will therefore bring costs into alignment following a downturn in the manufacturing of sports cars”. As regards work staff, the British car company will probably dismiss 500 employees. On top of that, apparently, cost reduction measures will also affect suppliers, to some extent, and will concern marketing and travel expenses as well.

Thanks to such financial plan, the British car manufacturer is supposedly going to save, overall, 38 million pounds a year, that is, slightly less than 42 million euros. However, the implementation of this cost reduction plan will cause the company to spend around 12 million pounds (that is, about 13.3 million euros) throughout 2020: in the next few days, they are going to submit the plan to social parties.

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