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Third of jobs go at Aston Martin Third of jobs go at Aston Martin
(about 3 hours later)
Luxury car maker Aston Martin has announced it is cutting 300 full-time and 300 temporary jobs.Luxury car maker Aston Martin has announced it is cutting 300 full-time and 300 temporary jobs.
The firm, which employs 1,850 people, blamed the decision on falling sales caused by the economic downturn.The firm, which employs 1,850 people, blamed the decision on falling sales caused by the economic downturn.
The company announced last week it would extend its Christmas break at its plant in Gaydon, Warwickshire, by two weeks until 19 January.The company announced last week it would extend its Christmas break at its plant in Gaydon, Warwickshire, by two weeks until 19 January.
The union Unite said it was "devastating news" for the workers, especially so close to Christmas.The union Unite said it was "devastating news" for the workers, especially so close to Christmas.
Its national officer Dave Osborne said: "In the current climate, this is not surprising but we are extremely disappointed that Aston Martin have announced 600 job cuts.Its national officer Dave Osborne said: "In the current climate, this is not surprising but we are extremely disappointed that Aston Martin have announced 600 job cuts.
'Necessary measures''Necessary measures'
"This is devastating news for our members who have made major contributions to the Aston Martin brand. They now face a bleak Christmas."This is devastating news for our members who have made major contributions to the Aston Martin brand. They now face a bleak Christmas.
"Unite will be working to maximise voluntary redundancies and we will vigorously oppose compulsory job cuts.""Unite will be working to maximise voluntary redundancies and we will vigorously oppose compulsory job cuts."
Aston Martin said it had been consulting with the trade unions.Aston Martin said it had been consulting with the trade unions.
Chief executive Dr Ulrich Bez said: "Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecedented downturn in the global economy.Chief executive Dr Ulrich Bez said: "Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecedented downturn in the global economy.
"These are regrettable but necessary measures in the extraordinary market conditions we all now face."These are regrettable but necessary measures in the extraordinary market conditions we all now face.
"Overall, we remain confident that the Aston Martin brand is the strongest it has ever been - with dedicated design, engineering and manufacturing facilities and an award-winning product range, we remain well positioned for the upturn in the economy.""Overall, we remain confident that the Aston Martin brand is the strongest it has ever been - with dedicated design, engineering and manufacturing facilities and an award-winning product range, we remain well positioned for the upturn in the economy."
Aston Martin sold 110 cars in the UK in October compared with 164 in the same month last year.Aston Martin sold 110 cars in the UK in October compared with 164 in the same month last year.
Sales last year were 7,300 but are expected to be 6,500 this year.Sales last year were 7,300 but are expected to be 6,500 this year.
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The firm employs 1,850 people