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STLA Stellantis NV

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Share Name Share Symbol Market Type
Stellantis NV BIT:STLA Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Stellantis to Cut Jobs at US Jeep Plants

08/12/2023 8:52am

Dow Jones News


Stellantis NV (BIT:STLA)
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By David Sachs

 

Stellantis will cut jobs at two Jeep plants in the U.S. to save costs, citing in part emissions rules in California that it said would hurt sales.

The car maker said Friday that layoffs will take place at the Detroit assembly plant and the Toledo, Ohio, assembly plant as early as Feb. 5. Combined, the plants employ over 10,000 workers.

Stellantis said earlier this year that it will embark on cost-cutting measures after losing 3 billion euros ($3.24 billion) in revenue because of U.S. strikes.

 

Write to David Sachs at david.sachs@wsj.com

 

(END) Dow Jones Newswires

December 08, 2023 03:37 ET (08:37 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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