Bentley to reduce workforce amid market challenges
British luxury carmaker Bentley has announced plans to cut 275 jobs as it faces difficult market conditions and shifts towards electric vehicles. The company, owned by Volkswagen, has seen a decline in operating profit and revenue. Chief executive Frank-Steffen Walliser stated that these decisions are necessary for the company’s long-term competitiveness. The job cuts will affect both office-based roles and other positions through closed vacancies and natural attrition.
What we know
- Bentley plans to cut 275 jobs, representing about six percent of its workforce.
- The company cited weak sales in China, US tariffs, and a one-off accounting effect as reasons for the cuts.
- Bentley has delayed its goal of producing only electric models by five years, now targeting 2035.
- The job reductions include 150 office-based roles, with the rest coming from closed vacancies and expiring contractor positions.
- More than 4,000 people are currently employed at Bentley’s site in Crewe, northwest England.
