A Blow to the Trade
Aston Martin builds among the most spectacular vehicles on the market, however now the corporate is looking for to chop 500 workers members and scale back its sports activities automotive growth to avoid wasting £30 million, in accordance with EVO. The announcement got here after COVID-19 has damage the gross sales of many automotive firms, together with Aston Martin. It’s a disgrace to see the corporate resorting to those measures, nevertheless it’s hardly stunning.
Nearly all of the job losses will hit the UK, although some employees outdoors of the UK might be impacted, too. Aston will even scale back the variety of outdoors contractors it really works with, which can trigger much more job loss.
Whereas COVID-19 is the ultimate straw for this type of job loss, it isn’t the one contributing issue. Demand for the Vantage, DB11, and DBS has dropped significantly on account of China’s latest financial downturn. Additionally, the uncertainty over Brexit has not carried out Aston Martin any favors. The Gaydon manufacturing unit that produces a lot of Aston Martin’s autos will sluggish manufacturing to match the decrease demand for the autos.