Stellantis to temporarily layoff 900 US employees
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However, as a result of pausing production at several of Stellantis’ Canadian and Mexican plants, there will be temporary layoffs at the Warren Stamping and Sterling Stamping plants (Michigan) as wel...
Reuters |
Wall Street's major indexes plunged on Thursday, as President Donald Trump's sweeping tariffs on major trade partners ignited fears of an all-out trade war and heightened the risk of a global economic...
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The automaker's Belvidere Assembly Plant is expected to be revived amid President Trump's tariffs and recent UAW pressure.
9hon MSN
Automaker Stellantis is temporarily halting production at a plant in Canada and a plant in Mexico shortly after President Donald Trump announced a 25% tariff on imported vehicles.
Stellantis said on Thursday it was temporarily laying off 900 workers at five U.S. facilities after President Donald Trump’s tariffs were announced, and temporarily pausing production at an
Por MICHELLE CHAPMANEl fabricante de automóviles Stellantis está deteniendo temporalmente la producción en una planta en Canadá y otra en México poco después de que
Stellantis will revive its Belvidere plant in Illinois in 2027 and produce there a mid-size Ram pickup – but it’s also canceling a battery plant project.
Stellantis has announced a new round of buyouts and early retirement offers for some United Auto Workers employees. The buyouts will be offered from March 24 through May 8. Only non-skilled, labor employees are eligible. Automotive experts believe the buyouts are a cost-cutting move by reducing the workforce.
A federal judge has dismissed a lawsuit filed by Stellantis NV last year against a supplier it accused of holding parts “hostage” to get price increases and shutting down production of Ram, Chrysler, Dodge and Jeep vehicles.
The buyouts and voluntary retirement packages follow a challenging 2024 for the automaker that included declining profits and shrinking market share in North America.
Stellantis, whose profit fell a whopping 70 percent in 2024, anticipates a rebound in late 2025, but in the meantime, things keep getting worse including in Canada. Efforts to adjust production, limit stocks and reduce prices are slow to yield actual results.