Scott Hayes, president of Toledo Refining Company, spoke during FOX & Friends First about how California’s policy failures have caused collateral damage in the Midwest.
Stellantis is the parent company of several car brands. including dodgeJeep and Chrysler confirmed Friday that they will lay off hundreds more U.S. workers as they continue to cut jobs in preparation for the transition to electric vehicle production.
wall street journal The automaker told several white-collar employees in software, engineering and technology fields to work from home on Friday morning, then held a meeting to inform them they would lose their jobs, according to reports.
A Stellantis sign outside its headquarters in Auburn Hills, Michigan, June 10, 2021. (Reuters/Rebecca Cook/Reuters Photo)
About 400 people were laid off in the latest round of job cuts, the newspaper reported, citing internal Stellantis documents seen by the newspaper.
The automaker confirmed the job cuts when asked for comment by FOX Business.
Stellantis to lay off thousands of jobs at Jeep factory due to California emissions regulations
“After a rigorous organizational review, Stellantis has confirmed that it will reduce its U.S. engineering/technology and software organizations by approximately 2%,” the company said in a statement. “These reductions will take effect from March 31, 2024. Stellantis will provide support to those affected, including comprehensive separation packages and transition assistance.”
Stellantis CEO Carlos gives a keynote speech in front of Stellantis’ Ram 1500 Revolution battery electric concept pickup truck unveiled during CES 2023 at The Venetian Resort Las Vegas on January 5, 2023 in Las Vegas, Nevada. Mr. Tavaras. (Ethan Miller/Getty Images/Getty Images)
The company added: “We understand this is difficult news, but as we remain focused on our EV product offensive and the implementation of our Dare Forward 2030 strategic plan, we continue to implement the critical needs needed to protect our competitive advantage.” “These measures will allow us to better align our resources while preserving relevant skills.”
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Stellantis’ “Dare Forward 2030” strategy includes eight product launches. new EV.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| STLA | Stellantis NV | 29.21 | -0.15 | -0.51% |
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The company has made multiple job cuts in the past year, shifting its focus to EVs last year and cutting back on half of its 12,700 salaried employees in the U.S. as part of a cost-cutting effort to absorb the increased costs of new business. The company made a voluntary acquisition offer. Contract with the United Auto Workers Union.
FOX Business’ Grady Trimble and Eric Revell contributed to this report.
