Stellantis Layoffs: The statement comes as the company faces increased capital spending to make the transition from gasoline vehicles to electric autos. It also has reported declining U.S. sales in the first quarter, and it has higher costs due to a new contract agreement reached last year with the United Auto Workers union. Stellantis has about 43,000 factory workers.
Stellantis, the automaker behind Fiat, Jeep and Dodge has announced to lay off 1,200 workers and shut a key Jeep Cherokee plant in the US in February, as it focuses on investing more in electric vehicles (EVs). Stellantis Layoffs: Automaker Behind Fiat, Dodge To Shut Jeep Cherokee Plant in US, Sack 1,200 Workers in EV Era.