Aston Martin May Cut 600 Jobs - Just British
Aston Martin may cut as many as 600 jobs, the British sports car brand said today. The possible cuts of 300 full-time jobs along with “a similar number” of temporary positions are part of a discussion between the former Ford Motor Co. subsidiary and its trade union. Aston Martin also said it’s considering other undisclosed cutbacks related to worldwide economic woes and plunging sales. “These are regrettable but necessary measures in the extraordinary market conditions we all now face,” Aston Martin CEO Ulrich Bez said in a statement. The cutbacks come as the automaker seeks to revive the Lagonda luxury brand to diversify its product mix beyond sports cars. Julian Jenkins, CEO of Aston Martin North America, said sales fell 19 percent through the first three quarters of 2008, while the ultraluxury segment dropped 21 percent. The Warwickshire, England-based company [...]