Drop in demand from Maserati leads to cuts
13 May 2010

Ferrari workers have walked out over plans to cut jobs and idle a plant as a result of reduced demand for engines from sister brand Maserati.

The workers walked out for four hours earlier this week over plans for Ferrari to cut 120 office positions and 150 factory jobs in exchange for the last payment of a 2009 bonus due last month, according to a workers' union official.

In addition, Ferrari plans to idle a factory in Maranello by laying off about 600 workers for a week from 17 May.

Ferrari spokesman Stefano Lai said the cutbacks were a result of fewer orders from Fiat’s Maserati brand.

Lai added that the company intends to outsource some jobs to local companies, transferring jobs from within Maranello and offer some employees early retirement. He added that the moves would free resources to protect workers on temporary contracts.

Ferrari employs around 3000 people.

Ferrari’s first-quarter trading profit in 2010 declined 28 per cent to 39 million euros (£43 million).

It has predicted it will build as many Ferrari cars in 2010 as in 2009, when it built 6250 units, down five per cent on the previous year.

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Comments
5

13 May 2010

[quote Autocar]The workers walked out for four hours earlier this week [/quote]

And nobody noticed.....lmao!!

13 May 2010

[quote Autocar] reduced demand for engines from sister brand Maserati.
[/quote]

They are laying off all those people and shutting a factory just because Maserati want a few less engines!? Bxxxxxxs!

Lanciaman

13 May 2010

[quote Lanciaman]They are laying off all those people and shutting a factory just because Maserati want a few less engines!? Bxxxxxxs![/quote]

Well they are not doing it because demand for Maserati's is outstripping supply. Fiat is fighting to survive and it's brands and employees can expect some pain in the next few years.

13 May 2010

[quote crashbangwallop]Well they are not doing it because demand for Maserati's is outstripping supply. Fiat is fighting to survive and it's brands and employees can expect some pain in the next few years.[/quote]

I quite agree with you; my point was that the reason Ferrari give for the redundancies etc. seems less than honest.

Lanciaman

13 May 2010

[quote Lanciaman]I quite agree with you; my point was that the reason Ferrari give for the redundancies etc. seems less than honest.[/quote]

Not sure what seems dishonest about it. All Maserati engines are built by Ferrari (as were the engines for the Alfa 8C), and Maseratio are supposed to be selling far more cars than Ferrari do, so if Maserati are suffering from the effects of out-of-work bankers, it directly affects Ferraris.

Ferrari has invested hundreds of millions of Euros in its factory and facilities at Maranello over the last decade (including staff residential accommodation), so I am sure they are not suddenly trying to screw over some workers to save a few bob.

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