Bentley to cut hundreds of UK jobs amid ‘challenging global market environment’

The Guardian - World NewsEN 2 min read 100% complete by Joanna PartridgeMarch 17, 2026 at 03:38 PM

AI Summary

medium article 2 min

Bentley is cutting 275 UK jobs, approximately 6% of its workforce, due to a "challenging global market environment." The cuts include 150 office-based positions and not filling vacant roles. The announcement follows a 42% drop in annual operating profit in 2023, attributed to US tariffs, weaker sales in China, and foreign exchange changes. Despite this, Bentley reported its seventh consecutive year of profitability. The company is preparing to launch its first all-electric model but acknowledges challenges in convincing consumers to switch from combustion engines. Bentley is making these changes to ensure long-term competitiveness and financial resilience.

Key Entities & Roles

Key Player Opposition Context

Crewe 30% Aston Martin Lagonda 30% Porsche 30% Donald Trump 40% China ×250% United States 50% Frank-Steffen Walliser ×260% United Kingdom 70% Volkswagen (VW) ×270% Bentley ×7100%

Keywords

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