The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
West Midlands; Herefordshire; Worcestershire and Warwickshire
Location of affected unit(s)
Gaydon
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
600 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67582.
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