Car giant Ferrari SpA is reportedly looking at cutting atleast 270 jobs – which amounts to almost 10 percent of its workforce – keeping in line with it’s plan to reduce 2010 production by 45 percent to 11,000 cars. The news was announced by CGIL union official Giordano Fiorani said in a telephone interview from Modena.


Reports say that as a result of this news, Ferrari workers carried out a four-hour strike today at the Maranello plant.

Ferrari is an Italian car maker and is controlled by Fiat SpA, and said that it is planning to layoff atleast 600 workers temporarily at the Maranello factory next week.

According to SpeedTv: “Ferrari’s first-quarter trading profit declined 28 percent this year compared with the first quarter of 2009, the company said April 21. Sustaining the company have been sales of the new 458 Italia, which is priced at about $250,000.”


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