Aston Martin

Type
Internal restructuring
Country
United Kingdom
Region
West Midlands (England); Herefordshire, Worcestershire and Warwickshire; Warwickshire CC
Location of affected unit(s)
Gaydon
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.1 - Manufacture of motor vehicles
29.1 - Manufacture of motor vehicles
600 jobs
Number of planned job losses
Job loss
Announcement Date
1 December 2008
Employment effect (start)
Foreseen end date

Description

Aston Martin, a car manufacturer, has announced that it is to cut 600 jobs.300 of these jobs are permanent positions and 300 are temporary. The firm, based at Gaydon in Warwickshire, currently employs 1850 people.The firm attributed the cuts to falling car sales in the current economic climate.As of 7 December 2008 it has not been announced when these job cuts will occur.

Sources

  • 1 December 2008: BBC News

Citation

Eurofound (2008), Aston Martin, Internal restructuring in United Kingdom, factsheet number 67582, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67582.