PREVIEW

Aston Martin Cuts Jobs Amid Struggles to Return to Profit. Luxury carmaker Aston Martin has announced 170 job cuts as part of a cost-saving strategy after losses widened by 20% last year. Hit by supply chain disruptions and production delays, the company is axing 5% of its workforce across all departments including manufacturing and management. In a statement, Aston Martin called the decision "difficult but necessary" to ensure the company is structured for future growth. Targeting £25 million in annual savings, it expects to achieve half of that this year. Since Canadian billionaire Lawrence Stroll took over in 2020, the brand has focused on new model launches to revive its fortunes. Now, with these cuts, the pressure is on to steer the iconic automaker back to profitability.
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