Aston Martin is working on a restructuring plan which among others includes eliminating up to 295 jobs.

Aston Martin is working on a restructuring plan which among others includes eliminating up to 295 jobs.

The decision has been taken as a measure to make the company profitable once again after posting a pre-tax loss of £25.4 million in 2013. Keep in mind that Aston Martin is a small automaker and 295 jobs represent a significant part of the total workforce which at the beginning of the year stood at around 2,100 employees.

The British marque is trying to limit the job cuts as much as possible by providing early retirement plans, voluntary redundancies and also by not hiring for the available open positions within the company. Aston Martin says these major staff changes will not impact production output and sales target, but these will eventually suffer significant modifications once the DBX will go on sale, likely in 2019.

Speaking of the DBX, the very first ever crossover from Gaydon won’t actually be produced at home, because Aston Martin has plans to open up a new factory. Company CEO Andy Palmer said earlier this week they have narrowed down the list of potential locations for the new assembly plant from 19 to 6 cities: Alabama (US), Warwickshire (UK), Birmingham (UK), Coventry (UK), somewhere in Wales and in a city in Eastern Europe. Palmer previously said Alabama is the "obvious choice" which means there are big chances of seeing a "Made in USA" DBX.

Source: Aston Martin

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