December 1, 2008 / 5:05 PM / 11 years ago

Aston Martin axes 600 jobs in cost-cutting drive

A worker cleans an Aston Martin V8 Vantage car ahead of the opening of the Grand Luxe exhibition in Brussels, October 30, 2008. REUTERS/Francois Lenoir

LONDON (Reuters) - Luxury car maker Aston Martin said on Monday it would cut up to 600 jobs in the UK as car sales continue to be hit by the downturn in the world economy.

The Warwickshire-based group, which has 1,850 employees worldwide, said up to 300 permanent and 300 temporary posts would go at its Gaydon plant as part of a cost-cutting drive.

“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,” Ulrich Bez, Aston Martin’s Chief Executive said in a statement.

The company said a 90-day consultation period had been launched with the union Unite, and that the jobs would go in the New Year.

Reporting by Rhys Jones

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