Amid ongoing investments in electric vehicle development, Bentley Motors has announced plans to reduce up to 275 jobs as part of its efficiency measures.
The decision comes even as the company records its 7th consecutive year of profitability. The job cuts will impact management, agency, and non-manufacturing staff. Bentley said the move is part of its “overall efficiency activities” while it continues to invest in its Pyms Lane facility for future electric models.
CEO and Chairman Frank-Steffen Walliser said, “We are investing at unprecedented levels in the Pyms Lane site.” He highlighted key developments, including the opening of a Design Center last July, the near completion of the A1 building for battery electric vehicle (BEV) production, and a new Paint Shop set to open soon.
He acknowledged that such steps require difficult decisions to ensure long-term competitiveness.
Dr. Walliser assured that the company will support affected employees with care, guidance, and assistance during the transition. Bentley is planning several electric models by 2030 and had earlier announced a £2.5 billion investment at its Crewe plant in 2022 as part of its electrification strategy.
Despite the layoffs, Bentley reported an operating profit of £186 million and revenue of £2.25 billion for the previous year. However, customer deliveries declined by 5%, mainly due to continued market slowdown, especially in China.
The company is also facing pressure from US tariffs, which cost it around €42 million ($48 million) last year.
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