Aston Martin announced plans to reduce its workforce by 20 percent, eliminating approximately 600 positions as the luxury automaker faces mounting financial challenges.

The British car manufacturer attributed the job cuts in part to pressures from U.S. tariffs and lower-than-expected profits. The company has been struggling with declining sales performance in key markets.

The workforce reduction represents the latest cost-cutting measure for Aston Martin as it attempts to navigate challenging market conditions. The luxury automotive sector has faced headwinds from trade tensions and shifting consumer demand patterns.

Aston Martin has been working to stabilize its financial position following previous restructuring efforts. The company's manufacturing operations and corporate functions are expected to be affected by the personnel reductions.

The job cuts come as the automaker continues to assess its operational structure and market strategy. Further details about the timeline for implementing the workforce reduction were not immediately available.