Aston Martin to cut up to 20 pct of jobs amid U.S. tariff pressure

LONDON, Feb. 25 (Xinhua) - British luxury carmaker Aston Martin Lagonda Global Holdings Plc said on Wednesday it plans to cut up to 20 percent of its workforce as part of a cost-reduction program, citing mounting external pressures including higher U.S. tariffs.

In its Full-Year Results Statement 2025, the company said the restructuring program could affect up to one-fifth of its roughly 3,000 employees and is expected to generate annual savings of about 40 million pounds (54 million U.S. dollars), with related one-off costs of around 15 million pounds.