Last month Aston Martin announced that it will cut a total of 600 jobs out of 1,850. The cuts included 300 permanent jobs and 300 temporary jobs. Today the luxury-automaker announced that it will cut back production to a three-day week to keep inventory levels in line with falling demand
Production will be cut at its Gaydon site with work days limited from Monday to Wednesday. Around 600 employees will be affected by the cuts but will get paid for the days the don’t work. Aston will require those employees to work those days in the future.
“Flexible working is already in place. The switch to a three-day week is only a short-term move, but will enable us to bank the hours which will help us when the market recovers,” said Matthew Clarke, an Aston Martin spokesman.