Ferrari employees walked out in response to the proposed job cuts by the Italian supercar maker to pay for a 2009 bonus due last month. Ferrari plans to cut 120 office positions and 150 factory jobs to achieve this from the 3,000 people that they employ. This trimming is due to the fact that sister brand Maserati has reduced orders for engines, which Ferrari builds for the Trident marque. Maranello made engines for about 4,500 Maseratis last year, down from almost 9,000 units in 2008.

Besides the job cuts, Ferrari plans to shut down the its Maranello factory for a week this month, which will involve 600 staff. Ferrari plans to slash 2010 production targets to 11,000 from 20,000 and will cope with the reduction in staff by outsourcing non-core jobs to local companies. The restructuring will help Ferrari focus on product development, technological innovation and reaching new customers.

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