Aston Martin to cut up to 500 jobs to reduce costs
Aston Martin to cut up to 500 jobs to reduce costs
British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said on Thursday. The job cuts come a week after Aston Martin confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018.
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British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said on Thursday. The job cuts come a week after Aston Martin confirmed that Tobias Moers, CEO of Mercedes-AMG, would become chief executive on August 1, replacing Andy Palmer. Aston Martin, famed for being fictional secret agent James Bond's car of choice, has seen its share price plummet since floating in October 2018.
Continue reading Aston Martin to cut up to 500 jobs to reduce costs
Aston Martin to cut up to 500 jobs to reduce costs originally appeared on Autoblog on Thu, 4 Jun 2020 08:35:00 EDT. Please see our terms for use of feeds.
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