Aston Martin restructuring means job losses at Gaydon HQ
CEO Andy Palmer’s restructuring plan includes job losses, but new manufacturing plans announced within six weeks.
Aston Martin will be shedding a small proportion of its 2,100-strong workforce as part of boss Andy Palmer’s restructuring plans. A department-by-department review is under way with affected staff likely to undergo consultation and decisions made before the end of the year. Palmer arrived at Aston a year ago and has been busy reshaping the company and its product line-up with cars like the new DB11 and all-electric DBX crossover on the horizon. And later this month, the latest James Bond movie Spectre premiers with 007 behind the wheel of a bespoke Aston Martin DB10. An Aston Martin spokesman told us: “The company is expanding, but some functions are being realigned – it’s an on-going process that’s been going on since Andy Palmer arrived.”
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For the first time in a long time, the company is reporting that it’s ‘on budget’ for 2015, with strong UK sales making up for the slowing Chinese market and flat sales in the US, Middle East and Europe. However, the company is pushing on with its plans to develop a new manufacturing facility for the DBX, with an announcement expected within the next six weeks. Palmer’s goal is for Aston to produce 7000 sports cars a year at its HQ in Gaydon, Warwickshire, plus additional crossover models at the new plant.
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