Aston Martin Shifts to 3-Day Work Schedule
Similar to other car companies that have been feeling the pinch of the economic downturn, Aston Martin is the latest casualty to give in to hard times as it has reduced factory operations to three days in a week.
The employees’ hours will be “banked” and claimed back by the firm later. The firm, which announced 600 redundancies in December, said it had consulted unions over the move. Three hundred employees have already left and it is in the final stages of consultation over the remaining 300.
The move comes as the government announced a potential £2.3bn tax payer bailout for the industry, which has been badly hit by the recession.
(Source) BBC
Tags: Aston Martin, bailout, car companies, economic downturn, recession, redundancies