Auto parts and accessories manufacturer Marelli is planning about 1,500 job cuts around the world, according to a news report from Bloomberg. The goal is to build a leaner company in this phase of component shortages due to the pandemic. Thus, next year, Marelli will eliminate about 7.5% of its 20,000 employees to bring its employment levels and costs into line with the levels of the sector. This is what emerges from a letter sent by the managing director Beda Bolzenius to the employees. The operation would be only part of the restructuring that Marelli is planning and which will include ten new business units and six divisions. Instead, there will be a strengthening of activities in China. The letter also announced that Volker Krebs will be named chief financial officer, while Juan Molla will be named global chief commercial officer. Bharat Vennapusa will instead be the new head of global operations.
Marelli was formed in 2019, after KKR completed the acquisition of Magneti Marelli from Fiat Chrysler Automobiles and merged it with Calsonic Kansei. The company now operates approximately 170 R&D facilities and centers in Europe, Africa, the Americas and Asia Pacific. KKR would also be considering the sale of Marelli’s suspension systems business. Strong concern was expressed by the Italian trade unions who have not yet been called by the company. Ferdinando Uliano of the Fim Cisl observes that in the letter sent only to the workers “a process of rationalization is declared at central level and then the different realities are asked to act accordingly, without any evaluation of the situation in the individual countries and without a detailed discussion on the plan. overall industrial. He does not even see us agree on the method of communication, the trade unions have not even been informed by the CEO in a special meeting. We urgently ask for a convening of the union to be promptly informed about what has been communicated and above all to open a discussion on the choices and industrial plans necessary to give prospects to Marelli’s realities in our country. Any rationalizations cannot be placed before any discussion to guarantee prospects and, above all, must be shared by workers and the union ”.
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