Aston Martin plant down to three-day work week

By: Jeremy Korzeniewski

Late last year, Aston Martin announced that it would reduce its ranks by some 600 workers to cope with a sales slide of 28% in 2008. Apparently, those cuts, which are now halfway completed, weren't enough to stem the tide of red ink, as Bond's favorite automaker has now said it will place its entire staff of assembly line workers on a work week that starts on Monday and ends on Wednesday. A total of 1,250 individuals now work at the Gaydon, Warwickshire plant, and almost half of those employees will be affected by the three-day work week.

Bentley, another famous British automaker, announced its own production cuts just yesterday. In response to the industry hardships faced by automakers in the U.K., the British government has promised £2.3 billion worth of aid, though we're not yet sure how much will go to smaller companies like Aston Martin.