Page last updated at 16:56 GMT, Monday, 1 December 2008

Third of jobs go at Aston Martin

Aston Martin
Aston Martin blamed the cuts on the economic downturn

Luxury car maker Aston Martin has announced it is cutting 300 full-time and 300 temporary jobs.

The firm, which employs 1,850 people, blamed the decision on falling sales caused by the economic downturn.

The company announced last week it would extend its Christmas break at its plant in Gaydon, Warwickshire, by two weeks until 19 January.

The union Unite said it was "devastating news" for the workers, especially so close to Christmas.

We remain confident that the Aston Martin brand is the strongest it has ever been
Ulrich Bez, chief executive, Aston Martin

"In the current climate, this is not surprising but we are extremely disappointed that Aston Martin have announced 600 job cuts," its national officer Dave Osborne said.

'Necessary measures'

"This is devastating news for our members who have made major contributions to the Aston Martin brand. They now face a bleak Christmas.

"Unite will be working to maximise voluntary redundancies and we will vigorously oppose compulsory job cuts."

Aston Martin said it had been consulting with the trade unions.

"Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecedented downturn in the global economy," chief executive Ulrich Bez said.

"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."

Aston Martin sold 110 cars in the UK in October compared with 164 in the same month last year.

Sales last year were 7,300 but are expected to be 6,500 this year.


The firm employs 1,850 people

Print Sponsor


The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Americas Africa Europe Middle East South Asia Asia Pacific