Stellantis announced plans on Friday to lay off as many as 2,450 workers later this year at a pickup truck plant near Detroit, the latest sign of trouble for the trans-Atlantic automaker.
The layoffs are expected to begin as early as Oct. 8 at the Ram truck plant in Warren, Mich., where production will be reduced to one shift from two, the company said on Friday.
Stellantis’s chief executive, Carlos Tavares, has said the company needs to cut costs, and he has noted that at least one North American factory was operating at an unsatisfactory level.
The company has been hit by sluggish sales in North America, where it generates most of its profits, as well as bloated costs and manufacturing inefficiencies.
It reported last month that profits in the first six months of 2024 fell by nearly half to 5.6 billion euros (about $6 billion).
Persons:
Stellantis, Stellantis’s, Carlos Tavares
Organizations:
Atlantic
Locations:
Detroit, Warren, Mich, North America