The layoffs come after Stellantis reported a 27% plunge in third-quarter revenue, as its shipments dropped by 20% to 1.2 million vehicles during the quarter compared to 1.5 million a year earlier. At the Paris Motor Show in October, Stellantis CEO Carlos Tavares said the troubled company was...
DETROIT (Reuters) -Stellantis said on Wednesday it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to improve efficiency and reduce inventory across its North American operations. The automaker recently shook up senior management in an attempt to...
"They (layoffs) come on the heels of a major dispute between Stellantis and United Auto Workers over whether the company has lived up to its commitments made in the 2023 contract," said Marick Masters, a Wayne State professor emeritus of business. ...
In an email to employees shared with the Detroit Free Press, Stellantis emphasized the importance of the Voluntary Separation Program to the company. They suggested that more drastic actions like layoffs would occur if not enough employees voluntarily take their buyout offers....
Last week Stellantis announced thatCEO Carlos Tavares was stepping downafter nearly four years in the top spot of the carmaker. In addition to the recalls, Stellantis has beenstruggling with falling salesthat haveled to layoffsand contributed to ballooning inventory...
Stellantis has reduced employee head count by 14%, or roughly 40,600 employees, between 2020 and the end of 2023, including roughly 15% reductions in the enlarged Europe North America region, according to public filings. That doesn't include further head-count reductions and layoffs in 202...
About 1,100 workers at Toledo, Ohio, Jeep plant face layoffs as company tries to reduce inventory November 8, 2024 Troubled carmaker Stellantis reports 27% plunge in 3Q revenues as it cleans up US inventories October 31, 2024 Italian autoworkers go on strike, as troubled Stellantis faces...
The layoffs at the Warren truck plant could begin as soon as Oct. 8, and union members will be given the opportunity to work at other plants, Stellantis said. The UAW didn’t immediately respond to a request for comment. The 50 companies most likely to thrive, 5 investing...
Recent layoffs (400 people) in North America. Engineering, Software, and Technology departments have to go back into the office (hybrid) while other areas do not need to. General feeling US is getting the short end of the stick when looking at this multinational company. ...
The layoffs are expected as soon as October. 'Decisive Actions' Stellantis hasn’t announced a replacement vehicle for the 1500 Classic, which is a red flag for the United Auto Workersunion, which won new labor deals with the big three Detroit automakers following amulti-week strik...