Aston Martin axing 600 jobs to reduce costs

Filed under: Hirings/Firings/Layoffs, Aston Martin

It looks like Ford got rid of Aston Martin just in time. With sales falling just about everywhere, Aston was hardly immune, so the automaker has announced plans to cut up to 600 jobs in the near future. The company is currently working with its union to cut 300 jobs from both the permanent and temporary worker ranks. Aston Martin joins Bentley which is also making cuts in response to the now official recession that the economy has descended into. Prior to Ford selling off the brand, Aston was believed to have been the only profitable member of the former Premier Automotive Group. With German brands like BMW, Mercedes and Porsche all suffering as well, the big question now is how long will it until we hear about layoffs at Ferrari? Press release below the fold.

Continue reading Aston Martin axing 600 jobs to reduce costs

Aston Martin axing 600 jobs to reduce costs originally appeared on Autoblog on Mon, 01 Dec 2008 17:58:00 EST. Please see our terms for use of feeds.

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