Automakers like General Motors and Chrysler are dramatically slashing jobs in order to free up some much needed cash, but even some of the world’s elite automakers are considering similar tactics as the global economy continues to slump. Aston Martin announced on Monday that it is considering axing up to 600 jobs in order to cut costs.
In a press release issued by Aston Martin earlier on Monday, the British automaker announced that “up to 300 permanent and a similar number of temporary jobs” could be cut as the company looks to dramatically reduce its cash outflow.
“Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecedented downturn in the global economy,” Aston Martin CEO Dr Ulrich Bez said in a statement. “These are regrettable but necessary measures in the extraordinary market conditions we all now face.”
Aston Martin sales plummeted 19 percent through the first three quarters of 2008, according to Automotive News, slightly better than the ultra-luxury segment’s decline of 21 percent. Aston Martin employs 1,850 workers worldwide.
12/01, 1:19 PM
posted by:
howsmydriving
Without the movie “Goldfinger,” Aston Martin would have disappeared long ago anyway.
12/01, 2:11 PM
posted by:
yarddog82abn
YUP……but let me tell you, if I had the cash, that’s what I’ll be rolling in….
12/01, 6:01 PM
posted by:
Astonman12
@ howsmydriving
you say that on every article about Aston Martin. Give it up!! Without marketing, all auto companies would be extinct! duh…
Anyways, times are tough for all automakers and this potential layoff doesn’t surprise me. It’s a shame though.