Arab Today, arab today sports car maker aston martin to cut up to 295 jobs
Last Updated : GMT 12:49:27
Arab Today, arab today
Arab Today, arab today

Sports car maker Aston Martin to cut up to 295 jobs

Arab Today, arab today

Arab Today, arab today Sports car maker Aston Martin to cut up to 295 jobs

Aston Martin is clocking losses
London - AFP

Aston Martin, the British-based sports car maker which counts James Bond among its customers, said Wednesday it will cut up to 295 jobs -- more than 10 percent of its workforce.

"The upper limit of affected positions is 295," the company said in a statement, adding that the planned cuts would make the company "more efficient and appropriately resourced".

The company employs 2,100 people.

Aston Martin said it hoped to minimise compulsory redundancies by offering early retirement, voluntary redundancies and not filling vacancies.

"Production and sales targets for this year remain unchanged, and Aston Martin will continue to design, develop and engineer new models," it said.

Aston Martin said last week the cuts would mostly be in administration jobs rather than production at its Gaydon plant in central England.

The 102-year-old company is clocking losses and is planning to diversify production including with electric cars, British media reported.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sports car maker aston martin to cut up to 295 jobs Arab Today, arab today sports car maker aston martin to cut up to 295 jobs

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sports car maker aston martin to cut up to 295 jobs Arab Today, arab today sports car maker aston martin to cut up to 295 jobs

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday