Luxury sports car maker Aston Martin on Monday announced the prospect of job cuts as the global economic downturn continues.
The manufacturer said that it had, along with the trade unions, begun consultation about the planned cutbacks. The downturn in the global economy and the resultant drop in car sales have been cited as the primary reason for the looming dismissals.
It is possible that 300 permanent and a "similar number" of temporary jobs could be affected.
In a statement, chief executive Dr Ulrich Bez said: "Like other premium car brands, Aston Martin has been forced to take action to respond to the unprecented downturn in the global economy.
"Overall we remain confident that the Aston Martin brand is the strongest it has ever been … we remain well positioned for the upturn in the economy," Bez concluded.