Pirelli to lose 1500 jobs in western Europe

ERJ staff report (DS)

Milan — Francesco Gori, head of Pirelli’s tyre activity has said 2009 will be a tough year. In response, the company plans to cut production and headcount in western Europe. The company said it expects to to reduce its headcount by 15 percent (or 1500 people) by 2011. This will mean a reduction in capacity equivalent to one plant in the region. The aim is to move production to low-cost plants and to focus the higher-cost plants on the high-profit products.

He added…

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