Job cuts and plant shut down on the menu for Ferrari

Job cuts and plant shut down on the menu for Ferrari

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.

Source

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Jacob Alexander

Jacob Mathew Alexander has been a motoring nut for as far as he can remember and has recently turned his passion into writing. After spending some time in the same industry in the UK, Jacob's work is from a slightly different perspective.

 

Comments

  • worlds has change….

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  • HirumaKecil on May 13, 2010 at 2:37 pm

    aiyo…..

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  • subhero on May 13, 2010 at 2:44 pm

    warhh.. so poor. ferrari pay the VSS for the ex-staff?
    and i think , the rebadge china ferrari should appoint them and make their new sport car “Parrari”

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    • mahadiir is a babi on May 13, 2010 at 4:34 pm

      yes…i think one day they will outsource their manufacturing to china. Next is Ferrari, made in china.

      I wish to see LV outsource they manufaturing to china too(psttt Coach does). Now the world is towards El-cheapo

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    • Bangla indah water aroma on May 13, 2010 at 4:57 pm

      not Parrari…..it is Pallali….typical chinaman pronounce “R” as “L”…….

      mugen type L….and also LOL

      Like or Dislike: Thumb up 0 Thumb down 0
    • Bangla indah water aroma on May 13, 2010 at 5:01 pm

      oh sh*t…..dont tell me chinaman will be doomed driving automatiks…..R and L gear also can confuse..????!@#$$% wtf

      Like or Dislike: Thumb up 0 Thumb down 0
  • lchan on May 13, 2010 at 3:23 pm

    yea..reason?…too much farking money wasted on F1.

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  • mahadiier is a babi on May 13, 2010 at 3:53 pm

    OMG even the all mighty ferrari can go bankrupt

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  • mystvearn on May 13, 2010 at 4:08 pm

    Welcome to the real world, Ferrari

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  • altimate on May 13, 2010 at 4:21 pm

    A good indication of the current world economic climate and I don’t think things will ever be the same again…

    People are struggling to live and cutting down costs so they opt for more affordable, energy efficient cars..

    Fuel guzzling luxury super cars will be just like dinosaurs, extinct in near future..

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    • Elvis on May 14, 2010 at 1:07 am

      100% agree! The world has changed. Days of Ferrari, Lamborgini, Porsche or Maserati are numbered. I am not surprise if any of this company close down in near future. As far as luxury sports cars concerned, all the limits have stagnanted for a long time. Same old same for the past 10 years, marketing hype no longer working..

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  • mahadiir is a babi on May 13, 2010 at 4:27 pm

    ferrari has to change marketing strategy to suit the real world. i think they hv to built mass produced cars to cater the middle class. Maybe they need G protection like proton.

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  • mahadiir is a babi on May 13, 2010 at 4:29 pm

    i think they should diversify their market. Make SUV’s , luxury limo’s, or superbikes. it is matter of survival VS pride.

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  • shawal on May 13, 2010 at 4:50 pm

    Ferrari can always play the ‘dino’ card if they want to have a go wit d volume seller market
    make sure it bests the cayman/boxter or a standard carrera 2S,

    all it had to be is extremely beautiful inside and out….front engined rear wheel drive like a ‘daytona’ and make the owners feel special….

    but maybe thats whut Maserati is for….a cheaper ferrari in disguise….

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  • Bangla with zoo aroma perfume on May 13, 2010 at 5:07 pm

    D-day….ferrari sold to tengzhong heavy industries together with Hummer.

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  • BMW M-Problem on May 13, 2010 at 6:08 pm

    I never thought that Ferrari also struggling……
    Maybe a china company will buy over and call it

    “FEELALI”

    Like or Dislike: Thumb up 0 Thumb down 0
  • Tiadaid on May 13, 2010 at 6:38 pm

    If the workers don’t want to be laid off, forego the bonus! It’s that simple! Ferrari’s laying off 600 workers to payoff bonuses, not basic salary. Bonus is not a right, it’s a privilege, and if you can’t afford to give a bonus you have a right not to give it and the workers should not debate it!

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  • mati katak on May 13, 2010 at 7:14 pm

    if no money, proton can buy over ferrari…..Proton is very rich one….

    proton, what are you waiting for?? Go buy this Italian company just like what you did on the italian bike company….hahahahah

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  • what…they are closing down! what will happen to my ordered then…already pay my deposit maaa…

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  • jolly_idiot on May 13, 2010 at 9:27 pm

    Recession again? Oh… Ferrari is doing bad in business

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  • ferrari is not making money, but hyundai and kia is making money :) the time has changed

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  • armandd on May 14, 2010 at 10:59 am

    perhaps later when ferrari is really in trouble proton can quickly buy them before the chinese company do, heheh..

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    • Emerson Cilipadi on May 14, 2010 at 11:22 am

      i think ferrari would rather go “hara-kiri” or commit suicide than to surrender to be sold to the under-anjings. They can’t be enuf of pride.

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    • pomen_GTR (Member) on May 14, 2010 at 11:28 am

      later sell it for RM1 profit :lol:

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