Marelli to cut 400 jobs in Italy

MILAN — Italian-Japanese auto parts maker Marelli has reached an agreement with unions to cut 400 jobs in Italy voluntarily, amid rising costs of raw materials and falling sales due to supply-chain problems.

“On redundancies a framework agreement was reached that rules out forced layoffs,” the Italian union said in a joint statement after striking a deal with the company.

Marelli confirmed the agreement in a separate statement. It added that it would invest 73 million euros ($78.67 million) this year to strengthen production at its 15 Italian sites.

Unions said workers would be let go only with their “non-opposition,” and added that Marelli’s total workforce in Italy amounted to 7,187 by the end of 2022.

Marelli, owned by private equity firm KKR, was created in 2019 by combining two major suppliers — one Italian and one Japanese. KKR had agreed to buy Japan’s Calsonic Kansei from Nissan in 2016. It then had Calsonic Kansei purchase Magneti Marelli from Fiat Chrysler Automobiles in 2018.

Japan-based Marelli has struggled to find its financial footing in recent years, although its finances are not public. According to Japanese newspaper NikkeiMarelli booked four straight years of losses from 2018 through 2021. It entered a court-led restructuring last year.

Marelli ranks No. 20 on the Automotive News Europe list of the world’s largest suppliers, with worldwide parts sales to automakers of $12.04 billion in 2021.

It sells lighting, electronics and interior systems, as well as components for internal combustion vehicles such as exhaust systems.

Leave a Comment

Your email address will not be published. Required fields are marked * powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 powergaming88 slot thailand slot jepang scatter hitam slot thailand link slot thailand 777 slot powergaming88 slot luar negeri slot gacor maxwin slot gacor hari ini slot gacor terbaru mahjong ways 2 slot thailand jp slot slot bni slot bri slot bsi slot danamon slot gopay slot server korea slot malaysia slot amerika slot rusia fan tan monopoly live lightning roulette mega ball sweet bonanza candyland mega sic bo mega baccarat andar bahar sbobet88 ktm303 slot dubai slot qris powergaming88 Slot Thailand Slot Zeus Pg Soft Starlight Princess Slot Gacor Maxwin Joker123 Sv388 Slot Thailand Slot Thailand Slot Qris slot thailand joker123 mahjong ways 2 888slot slot thailand slot88 sweet bonanza slot jepang slot thailand slot mahjong ways slot qris slot deposit dana slot dana nolimit city slot thailand sv388 slot888 slot kamboja Slot Thailand Starlight Princess Mahjong Ways 2 Slot Maxwin slot thailand akun pro kamboja slot filipina joker123 slot zeus slot88 slot thailand slot mahjong slot megaways NEW SLOT POLA GACOR Slot Server Luar jp slot slot ganas crazy time live slot qris slot akurat slot bca slot bni qris slot zeus server thailand server hongkong slot ovo slot gopay slot linkaja joker123 nolimit city sv388 starlight princess mahjong ways pg slot slot zeus sv388 idn slot slot server thailand slot thailand ladangtoto nolimit city koi gate sicbo online roulette online lice casino live22 baccarat online nolimit city slot ovo slot gopay pragmati play starlight princess slot pg soft slot mahjong slot zeus sv388 digmaan slot mania slot zeus slot thailand server thailand ying77 slot thailand judi bola live casino sv388 pg soft slot dana mahjong ways slot mania slot x500 ladangtoto slot server kamboja digmaan digmaan slot88 scv388 sabung ayam online slot live casino sicbo online live casino online slot thailand ladangtoto sv388 ladangtoto powergaming88 66kbet powergaming88 slot thailand ladangtoto slot thailand server thailand slot thailand slot thailand slot thailand slot gacor ladangtoto2 ying77 bet server thailand slot thailand ying77 slot88 ladangtoto ladangtoto slot maxwin sv388 sv388 slot gacor 66k bet slot dana sabung ayam inline slot mahjong slot toto slot server thailand slot gacor slot server thailand slot gacor slot thailand situs slot wwg slot slot daftar judi slot online indonesia slot gacor slot mawin slot gacor slot thailand slot gacor slot gacor demo slot pragmatic sv388 slot88 pgsoft Daftar Judi Slot Online Indonesia Paling Gacor di Indonesia Daftar Situs Judi Slot Online SLOT88 lucky neko slot gacor slot88 slot kakek slot maxwin slot thailand Slot Mahjong Ways 2 Mudah Jackpot Paus di PG Soft Hari ini 2023 Lucky Neko Situs Slot Gacor Pgsoft Hari Ini SITUS SABUNG AYAM SV388 ONLINE DAFTAR LINK LOGIN APK AGEN SV388
Scroll to Top