Brembo to lay off 1840 employees
February 17, 2009 by Matt Brogan
The flow on effect of the economic crisis through to the automotive sector’s smaller suppliers is starting to become more evident with Italian premium brake manufacturer Brembo to lay off 1,840 workers in the face of falling demand.
Job cuts will be carried out in order to align production with demand. The company will also adopt tighter spending controls.
In Italy, Brembo has applied to temporarily lay off between 540 and 680 white-collar workers for 20 days between March and May period. The company wishes to draw on funds from the government’s economic stimulus package to fun the temporary lay-offs.
Additionally, Brembo is temporarily laying off between 120 and 1,160 blue-collar workers for varying periods. Outside Italy, restructuring will see 160 job cuts in Mexico, the company said, while there have also been lay-offs in Poland.
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So I guess they have put the brakes on any more spending for now ?
hahaha, well done BM :)
Sorry guys but I know you only report what is out there in the press but the headline was a little sensationalistic wasn’t it?? Sure they are standing down between 540 & 680 w/collar guys for 20 days, but I like the guestimates of the workers who may also be stood down, 120 > 1,160????? Sounds a little speculative doesn’t it? Especailly after the headline… ;-)
Here’s a challenge Alborz, for every 4 bad news stories you get at the moment, find a good news or light hearted one (like the “how to park the landcruiser)…. go see if you can. Do it for a week and I’ll put up a carton of crownies.
Saw a Discovery Channel doco on brembo, amazing technology…
Italians great at making high performance components. Everyone swears by them.
Let’s bring these bad puns to a stop right here.
Thank you.
Hahaha love some of the comments above.
But seriously, I agree with Elitist and hope Brembo stays in business. I have their stoppers on one of my bikes and they’re just so sharp and responsive, love ‘em.
Does someone know how many workers are on Brembo payroll? The significance of these lay offs is different if they have 2.000 or 20.000 employees.