The majority of the company’s employees have been placed on furlough, and will receive 80% of their base salary from May 1st. Aston Martin employs 300 staff at its St Athan facility, and an additional 500 in Gaydon. Production staff will continue to be paid as normal, with guidelines from Public Health Wales and Public Health England in place to protect employees.
In addition to its staff being on reduced salaries, Aston Martin’s senior leadership staff have agreed to a voluntary reduction in pay. Non-executive directors will be taking a 35% cut, with the chief executive, Andy Palmer, also cutting his salary by 35% and not participating in the 2020 annual bonus plan. 20% cuts have been put in place for vice presidents, and other members of senior management have been asked to waive between 5-10%, depending on salary level.
