Article

2022-12-10 Economy

Automaker Stellantis lays off hundreds of American workers, blaming high cost of making electric cars

[FoxBusinessNews] Stellantis closing assembly plant in Belvedere, Illinois, in February 2023

Multinational automaker Stellantis is indefinitely closing an assembly plant in Illinois in February and laying off hundreds of workers, in large part due to the high cost of making electric vehicles.

Stellantis noted in a statement emailed to FOX Business on Friday that the industry had been adversely affected by factors including the ongoing COVID-19 pandemic, the global microchip shortage and the increasing cost related to the electrification of the automotive market, which it said was the most impactful.

The automaker said that a number of actions had been taken to stabilize production and improve efficiency at its North American facilities to "preserve affordability and customer satisfaction in terms of quality."

However, while considering other avenues to optimize operations, Stellantis said the decision had been made to idle the Belvedere plant starting on Feb. 28, 2023.

"This difficult but necessary action will result in indefinite layoffs, which are expected to exceed six months and may constitute a job loss under the Worker Adjustment and Retraining Notification (WARN) Act. As a result, WARN notices have been issued to both hourly and salaried employees," it said. "The company will make every effort to place indefinitely laid off employees in open full-time positions as they become available."

There are about 1,350 workers at the Belvedere plant, which produces the Jeep Cherokee.

Posted by Skidmark 2022-12-10 10:21|| || Front Page|| [11133 views ] Top

#1 My ancient Jeep Liberty is a legacy Stellantis product. There think I should FOAD, except if I want to go to the stealership to be harrassed about buying something new.

Posted by M. Murcek 2022-12-10 14:59|| 2022-12-10 14:59|| Front Page Top

#2 the industry had been adversely affected by factors including the ongoing COVID-19 pandemic, the global microchip shortage and the increasing cost related to the electrification of the automotive market, which it said was the most impactful.

And the fact that a lot of owners, Like M. Murcek, are not happy with their purchase.

Posted by Bobby 2022-12-10 15:13|| 2022-12-10 15:13|| Front Page Top

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