Stock Market News

Stellantis plans layoffs at Sterling Heights stamping plant in U.S.

2022.06.15 04:47

Stellantis plans layoffs at Sterling Heights stamping plant in U.S.
FILE PHOTO: Stellantis logo is seen on the company’s headquarters in Poissy near Paris, France, February 20, 2022. REUTERS/Gonzalo Fuentes

(Reuters) – Automaker Stellantis NV said on Tuesday it will begin an indefinite layoff starting next week at its Sterling Heights stamping plant in Michigan.

The world’s fourth largest carmaker did not specify the number of employees being laid off but said, in an emailed statement to Reuters, that the decision was made “in order to operate the plant in a more sustainable manner.”

A letter https://www.facebook.com/JenniferSzpynda4ONEUnion/photos/a.114910826790762/535990231349484 posted on the Facebook (NASDAQ:META) page of United Auto Workers Local 1264, a union that represents employees of Stellantis-owned Chrysler Sterling stamping plant, said that the “indefinite layoff will be from the bottom up,” starting as early as June 20.

UAW did not immediately respond to Reuters request for comment on the number of employees being affected by the layoff.

Stellantis’ Sterling Stamping is the largest stamping plant in the world, according to its website, and employs 2,184 employees, which includes about 2,000 hourly workers.

Separately, Unifor Local 444, the Canadian autoworkers union representing Stellantis employees at Windsor Assembly Plant in Ontario, on Tuesday also posted on Twitter (NYSE:TWTR) that the carmaker’s plant in Windsor will be down the week of June 20 because of insufficient parts.

“Stellantis continues to work closely with our suppliers to mitigate the manufacturing impacts caused by the various supply chain issues facing our industry,” a company spokesperson said in a statement to Reuters. “As the situation continues to be very fluid, we are making production adjustments as necessary to minimize additional production impact.”

Earlier this month, Stellantis stopped operations at its key Melfi plant in southern Italy for a week, citing shortages of various parts, including semiconductors.

Stellantis in April said that it did not see an improvement in the semiconductor supply chain before next year.

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 76,109.39 1.14%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,920.97 7.74%
tether
Tether (USDT) $ 1.00 0.08%
solana
Solana (SOL) $ 199.52 6.78%
bnb
BNB (BNB) $ 602.38 1.13%
usd-coin
USDC (USDC) $ 0.998954 0.12%
xrp
XRP (XRP) $ 0.556798 3.18%
dogecoin
Dogecoin (DOGE) $ 0.195227 0.34%
staked-ether
Lido Staked Ether (STETH) $ 2,918.97 7.65%
cardano
Cardano (ADA) $ 0.413594 14.06%
tron
TRON (TRX) $ 0.16031 1.06%
the-open-network
Toncoin (TON) $ 4.96 3.73%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,458.06 7.65%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 1.94%
avalanche-2
Avalanche (AVAX) $ 27.83 2.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 76,148.40 1.28%
weth
WETH (WETH) $ 2,923.40 7.79%
chainlink
Chainlink (LINK) $ 12.77 5.50%
bitcoin-cash
Bitcoin Cash (BCH) $ 381.11 0.72%
sui
Sui (SUI) $ 2.34 2.66%
polkadot
Polkadot (DOT) $ 4.19 2.01%
leo-token
LEO Token (LEO) $ 6.25 0.34%
usds
USDS (USDS) $ 0.999169 0.37%
litecoin
Litecoin (LTC) $ 72.30 2.14%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,074.06 7.71%
uniswap
Uniswap (UNI) $ 8.91 4.71%
near
NEAR Protocol (NEAR) $ 4.30 2.66%
aptos
Aptos (APT) $ 9.90 4.00%
pepe
Pepe (PEPE) $ 0.000011 12.45%
bittensor
Bittensor (TAO) $ 514.18 2.71%
internet-computer
Internet Computer (ICP) $ 7.87 0.28%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.42 1.39%
dai
Dai (DAI) $ 0.999011 0.14%
stellar
Stellar (XLM) $ 0.102811 6.27%
ethereum-classic
Ethereum Classic (ETC) $ 20.28 3.63%
monero
Monero (XMR) $ 164.04 1.65%
kaspa
Kaspa (KAS) $ 0.115421 3.45%
ethena-usde
Ethena USDe (USDE) $ 0.99975 0.22%
whitebit
WhiteBIT Coin (WBT) $ 19.66 1.97%
aave
Aave (AAVE) $ 181.78 3.00%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.348588 4.82%
blockstack
Stacks (STX) $ 1.70 0.29%
crypto-com-chain
Cronos (CRO) $ 0.093342 9.37%
dogwifcoin
dogwifhat (WIF) $ 2.48 2.93%
okb
OKB (OKB) $ 40.50 2.97%
first-digital-usd
First Digital USD (FDUSD) $ 0.994308 0.63%
arbitrum
Arbitrum (ARB) $ 0.585546 6.94%
filecoin
Filecoin (FIL) $ 3.79 2.58%
mantle
Mantle (MNT) $ 0.66235 10.63%