Aston Martin to cut up to 20% of its workforce [Yahoo! Finance]
Liberty Media Corporation - Series C Liberty Formula One (FWONK)
Last liberty media corporation - series c liberty formula one earnings: 2/28 09:43 pm
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Source: Yahoo! Finance
British luxury automaker Aston Martin said on Wednesday that it will cut up to 20% of its workforce as tariff and regulatory headwinds along with a challenging market backdrop weigh on the business. The company said the cuts will result in an annualized savings of about 40 million pounds ($54 million), most of which will occur this year. The company employs about 3,000 workers Aston Martin didn't specify when the cuts would occur this year, and they include the 5% workforce reduction the company announced last year. The company also announced that it would trim its five-year capital spending plan to 1.7 billion pounds from 2 billion pounds by delaying investment in electric vehicle technology. January Layoffs Rose To The Highest Level For The Month Since 2009 Best known as the car brand driven by James Bond , the company has struggled to generate cash and manage its debt of 1.38 billion pounds. Read On The Fox Business App Aston Martin has received injections of capital
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- 12/18/25 - Form 4
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