Internal restructuring
United Kingdom
Location of affected unit(s)
Gaydon, Newport Pagnell, St Athan
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.10 - Manufacture of motor vehicles

500 jobs
Number of planned job losses
Job loss
Announcement Date
4 June 2020
Employment effect (start)
4 June 2020
Foreseen end date


Aston Martin Lagonda, the British carmaker, has announced that it will make 500 employees redundant. Redundancy consultations with employees and their representatives have already begun. In its statement announcing the redundancies, the company said that it aims to cut costs and restore profitability, arguing that a smaller workforce will be sufficient to meet the decreased demand for its cars. The sharp fall in production and sales caused by the COVID-19 pandemic has exacerbated the company’s longer-term financial problems.

Aston Martin Lagonda makes luxury sports cars at three production sites in England and Wales. The brand is associated with the fictional character James Bond, who drives Aston Martin models.



Eurofound (2020), Aston Martin Lagonda, Internal restructuring in United Kingdom, factsheet number 101064, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101064.