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London: British luxury carmaker Aston Martin on Wednesday announced plans to cut up to one-fifth of its workforce after widening annual losses on US tariffs and weak Chinese demand.
The job losses total around 600, with Aston Martin employing some 3,000 people.
"In 2025, the global luxury automotive market faced one of its most turbulent years in recent times," group chief executive Adrian Hallmark said in a statement.
"Consumer demand was impacted by escalating geopolitical uncertainties and macroeconomic challenges, the most notable being the introduction of increased tariffs in both the United States and China."
