Ferrari idling engine plants and laying off workers?
Ferrari is contemplating drastic moves in order to maintain its profitability, including nixing 120 office positions and 150 factory jobs. The company also wants to idle its production facility for a full week – effectively laying off nearly 600 workers in the process.
Needless to say, the announcement has led to unrest, and workers walked out in protest for four hours yesterday. But numbers are numbers, and Ferrari has said that it will cut production from 20,000 units this year to 11,100. For what it's worth, last year, the company built 4,500 engines for Maserati – exactly half of what it built for 2008.
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