Ferrari Considering Job Cuts as Production Demand Falls


While the improving economy may have helped a few automakers around the globe to re-strengthen their workforce, it is Modena based Ferrari which is thinking about job-cuts albeit for a different reason. As per Ferrari, the reduction in engine orders from sister brand Maserati is what has forced Ferrari to take a step such as this. Where the total number of engines ordered by Maserati in 2008 was 9,000, the demand fell to about 4,500 last year and matters are expected to worsen from here. Ferrari employees are being offered bonuses in exchange of job cuts and around 120 office positions will be eliminated while 150 factory jobs will also be axed.

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