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Aston Martin suffering in current economic climate

Written By Richard Lawton Published On: Dec 01 2008
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Prestige car maker Aston Martin have released a short statement indicating that they have begun consultation with trade union partners over the implementation of a range of cutbacks to cut costs, as the current downturn bites.The company is hoping to minimise the impact on employees at their Warwickshire base in Gaydon, however they cannot rule out the possibility of up to 300 permanent job losses, with a similar number of temporary positions also at risk.Aston Martin Chief Executive Officer, Dr Ulrich Bez said: “Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecedented downturn in the global economy. These are regrettable but necessary measures in the extraordinary market conditions we all now face.“Overall we remain confident that the Aston Martin brand is the strongest it has ever been – with dedicated design, engineering and manufacturing facilities and an award-winning product range, we remain well positioned for the upturn in the economy.”Looking for Aston Martin leasing deals? Click the link

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