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    Default Aston Martin laying off 600 employees

    Aston Martin laying off 600 employees
    Associated Press

    December 1, 2008 at 12:29 PM EST

    LONDON — Aston Martin, maker of James Bond's luxury sports car, said Monday that it is laying off as much as a third of its work force because of falling sales during the economic slump.

    The cuts involve a mix of full-time and temporary jobs at its plant in Gaydon in western England.

    “It is hoped to do this by minimizing the impact on employees as far as possible, but the possibility of up to 300 permanent and a similar number of temporary job losses cannot be ruled out,” the company said in a statement. It now employs 1,700 people in Britain.

    Aston Martin sold 110 cars in Britain in October compared with 164 in the same month last year. Total annual sales are expected to drop to 6,500 this year compared with 7,300 this year.

    The company's sticker price for its cheapest Vantage model is £83,000 ($128,000 U.S.) and prices run as high as £162,500 ($250,000) for the DBS, the car featured in the latest James Bond film, A Quantum of Solace.

    “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,” said chief executive officer Ulrich Bez.

    “Over all, 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.”

    The Unite union said it would oppose compulsory layoffs but would work with the company to achieve voluntary departures.

    “In the current climate, this is not surprising but we are extremely disappointed” said Dave Osborne, a national officer for the union.

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    can't even read your posts anymore with that avatar
    Sig nuked by mod.

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    I didn't even know they had that many employees.
    Originally posted by FraserB
    I think their main complaint is that they did not receive the stolen property they paid for.

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    Who cares? It's an overseas company. Should we not be more concerned with the 100,000 GM employees being laid off in North America?

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    thats sad. But in desperate times, desperate measures I guess.

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    U like it.

    Originally posted by adam c
    can't even read your posts anymore with that avatar

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    Originally posted by Kloubek
    Who cares? It's an overseas company. Should we not be more concerned with the 100,000 GM employees being laid off in North America?
    Yes, I'm concerned that it's only 100 000 employees. Can't wait until the whole company goes under.



    By the way, "A Quantum of Solace?" Lol.
    Originally posted by JRSC00LUDE


    Stop with the antics. Beyonder.

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    Default Re: Aston Martin laying off 600 employees

    Originally posted by urban.one
    Total annual sales are expected to drop to 6,500 this year compared with 7,300 this year.
    With book keeping like that, I can understand why they're in a bad fiscal situation
    In reference to Rob Anders:
    Originally posted by ZenOps
    Hes not really that bad...

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    ^
    Originally posted by JRSC00LUDE
    Always wanted a celica? Or just since you got your first period?

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    I'm more concerned about these dipshits making an average of $80 an hour to do a job any monkey could do.

    Originally posted by Kloubek
    Who cares? It's an overseas company. Should we not be more concerned with the 100,000 GM employees being laid off in North America?

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