Italian carmaker Ferrari is planning to halt production in one of its plants for a week and terminate about 10% of the workforce partly because of the slumping sales of Maserati.
According to a report filed with Bloomberg, Ferrari has discussed the situation with the local worker’s union that it may sever around 270 jobs. The company will also have to lay off around 600 workers by mid-May to adjust to the drop in orders for engines from their sibling brand Maserati.
A spokesman of Ferrari confirmed that they plan to maintain the production of about 6,000 vehicles for 2010. Last year, they were able to sell about 6,300 units.
Maserati has been experiencing a slow down in orders for the engines that they produce. They received orders for 9,000 engines in 2008 but this figure drastically dropped to 4,500 in 2009.
Ferrari and Maserati operates under the umbrella of the Fiat group. More information about these car makers is available at this, that and this other site!