Aston Martin is planning restructuring at its Gaydon headquarters that will result in some job losses, the company has confirmed.
The potential redundancies were announced to the workforce, a spokesman confirmed, and the company is about to start the consultation process.
This process will take 45 days, so it is likely decisions will be made by the end of the year. The changes 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 still planning expansion, with announcements about future manufacturing plans expected in the coming weeks.
Aston Martin has several new models planned for the coming years, with Palmer confirming earlier this year that the DBX luxury SUV is planned to go into production. This was made possible thanks to an extra £200m in funding which came in the form of preference shares.
Palmer said at the time of the DBX’s confirmation that the company is also planning “other 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 version of the DB11 will be followed by the DB11 Volante convertible, the Vantage coupe and roadster, a saloon replacement for the Rapide and an all-new version of the Vanquish flagship.
The production announcement expected in the next few weeks is expected to be related to the DBX. Prime minister David Cameron recently urged the brand to build its new SUV in Wales, saying: “In Wales I think there is real potential to vacate Ministry of Defence land at St Athan, and we’re willing to make that available as part of efforts to persuade Aston Martin Lagonda to manufacture their new prestige SUV in the UK.”