Jobs under threat at Aston Martin as part of restructuring
Source : Jobs under threat at Aston Martin as part of restructuring
Aston’s reshuffling could result in jobs going at the company’s HQ, although manufacturing expansion plans are expected imminently
Aston Martin is usually planning restructuring at its Gaydon headquarters which will result in some job losses, the company has confirmed.
The potential redundancies were announced to the workforce, a spokesman confirmed, as well as the company is usually about to start the consultation process.
This specific process will take 45 days, so the idea is usually likely decisions will be made by the end of the year. The modifications are as a result of a restructuring being undertaken by boss Andy Palmer, who arrived at the company a year ago. Despite some departments likely to be streamlined, the company is usually still planning expansion, with announcements about future manufacturing plans expected within the coming weeks.
Aston Martin has several brand new products planned for the coming years, with Palmer confirming earlier This specific year which the DBX luxury SUV is usually planned to go into production. This specific was made possible thanks to an extra £200m in funding which came within the form of preference shares.
Palmer said at the time of the DBX’s confirmation which the company is usually also planning “additional brand new luxury vehicles” although he didn’t go into specifics. However, the DB11, the replacement for the DB9, will be at the forefront of the company’s relaunch.
The coupe variation of the DB11 will be followed by the DB11 Volante convertible, the Vantage coupe as well as roadster, a saloon replacement for the Rapide as well as an all-brand new variation of the Vanquish flagship.
The production announcement expected within the next few weeks is usually required to be related to the DBX. Prime minister David Cameron recently urged the brand to build its brand new SUV in Wales, saying: “In Wales I think there is usually real potential to vacate Ministry of Defence land at St Athan, as well as we’re willing to make which available as part of efforts to persuade Aston Martin Lagonda to manufacture their brand new prestige SUV within the UK.”
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