Categorized | News

Brembo to temporarily layoff 1800 employees

With fewer cars being produced and sold, automotive suppliers face the same challenges as automakers. Italy’s Brembo, producer of some of the most delectable braking hardware, will be laying off more than 1,800 workers to cope with a fourth quarter loss. The cuts will more closely align Brembo’s production with newly decreased demand, and will affect workers at Brembo’s locations in Italy, Mexico, and Poland. There is a government/industry fund that Brembo wishes to tap to help pay for the layoffs, though the cuts may be for a longer term than “temporary” implies. Brembo’s orders have fallen drastically, and signs of recovery have yet to materialize.

This post was written by:

Drew - who has written 230 posts on Tuned.com!.

I am Tuned's Editor in Chief. The Staff and I are eager to bring you a fantastic way of looking at the automotive world, we welcome you to the world, the lifestyle that is Tuned.

Contact the author

Leave a Reply

You must be logged in to post a comment.





Poll

What do you prefer to use to socialize with other automotive enthusiasts?

View Results

Loading ... Loading ...

Events

DSC05715.jpg DSC05686.jpg DSC05694.jpg DSC05698.jpg DSC05713.jpg
ss_blog_claim=9ebdfb8354be44a7d32625f2d9786787 ss_blog_claim=9ebdfb8354be44a7d32625f2d9786787