Bentley Motors to Cut 275 Jobs as Profit Slumps Amid Electrification Push

Dow Jones03-17

By Joe Stonor

Bentley Motors said it would cut around 275 jobs as the company pivots toward electrification and prepares to launch a new fully-electric car.

The Volkswagen-owned luxury carmaker made the disclosure Tuesday alongside a drop in sales, which it said was due partly to a slowdown in China. It said the job losses will largely impact staff in management and nonmanufacturing roles.

"We are making some difficult decisions to ensure the long-term competitiveness of the business," Chairman and Chief Executive Frank-Steffen Walliser said.

The company has 4,000 employees, according to its website.

"These cuts have come out of the blue and the workforce is stunned," said Karen Lewis, an organizer at GMB Union.

The union said 150 jobs would be lost at Bentley's Pyms Lane site in Crewe, a town in the northwest of England.

Bentley reported operating profit of 216 million euros ($248.5 million) for last year, a more than 42% decline on the prior period. Pressure from U.S. tariffs and foreign exchange dynamics weighed on performance, the company said.

Volkswagen's decision to discontinue a part used in Bentley's cars also negatively impacted the results, the company added.

Meanwhile, customer deliveries fell by 5% on year, a decline driven by a market contraction in China.

Write to Joe Stonor at josephmichael.stonor@wsj.com

(END) Dow Jones Newswires

March 17, 2026 11:18 ET (15:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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Pressure from U.S. tariffs and foreign exchange dynamics weighed on pe","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"VWAPY":"Volkswagen AG","BK4099":"汽车制造商"},"translate_title":"由于电气化推动利润下滑，宾利汽车将裁员275人","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VWAPY":0.9},"content_text":"By Joe Stonor \n\n\n \n\n\n  Bentley Motors said it would cut around 275 jobs as the company pivots toward electrification and prepares to launch a new fully-electric car. \n\n\n  The Volkswagen-owned luxury carmaker made the disclosure Tuesday alongside a drop in sales, which it said was due partly to a slowdown in China. It said the job losses will largely impact staff in management and nonmanufacturing roles. \n\n\n  \"We are making some difficult decisions to ensure the long-term competitiveness of the business,\" Chairman and Chief Executive Frank-Steffen Walliser said. \n\n\n  The company has 4,000 employees, according to its website. \n\n\n  \"These cuts have come out of the blue and the workforce is stunned,\" said Karen Lewis, an organizer at GMB Union. \n\n\n  The union said 150 jobs would be lost at Bentley's Pyms Lane site in Crewe, a town in the northwest of England. \n\n\n  Bentley reported operating profit of 216 million euros ($248.5 million) for last year, a more than 42% decline on the prior period. 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