Aston Martin to Cut Up to 20% of Staff as Turnaround Stalls

Aston Martin Lagonda Global Holdings Plc will cut as much as a fifth of its roughly 3,000 workforce, as US President Donald Trump’s tariffs complicate a turnaround at the luxury-car maker.

The British company expects savings of around £40 million ($54 million) from the reductions, with related costs of about £15 million, it said Wednesday. The latest cuts are deeper than the previous round a year ago, when the carmaker was looking to ax 5% of staff.