Stellantis, the multinational automotive manufacturing company, recently announced a significant move to cut 400 white-collar jobs through the implementation of a ‘mandatory remote work day.’ This strategy, described as a mass firing by some employees, aims to streamline operations and increase efficiency within the company.
Stellantis, the parent company of brands such as Chrysler, Dodge, and Jeep, has announced a major recall of nearly 318,000 cars due to a potential safety issue with the side air bags. The recall affects various models from 2011 to 2015 and covers a wide range of vehicles across different brands.
Stellantis, the multinational automotive company, has announced its remarkable financial performance for the year 2023. With soaring profits and record-breaking revenue, the company has cemented its position as a leader in the global automotive industry.
In a bold warning to the automotive industry, the CEO of Stellantis, Carlos Tavares, has cautioned against following Elon Musk’s lead in cutting prices for electric vehicles (EVs). Tavares argues that such a move could trigger a fierce competition among car manufacturers, leading to a detrimental “bloodbath” and a destructive “race to the bottom” in terms of pricing.
Leading global automotive manufacturer Stellantis has thrown a direct jab at electric vehicle (EV) pioneer Tesla, cautioning against the potential consequences of aggressive price cuts in the EV market. The company’s CEO, Carlos Tavares, has warned that such price reductions could lead to a ‘bloodbath’ within the industry, causing substantial financial losses for many manufacturers.
In a recent development, Stellantis, the multinational automotive manufacturing company, has announced a decision to lay off 539 supplemental workers from its plants across the United States. This move comes as a part of the company’s ongoing restructuring efforts to optimize operations and improve profitability.
:quality(70):focal(2090x1185:2100x1195)/cloudfront-us-east-1.images.arcpublishing.com/tronc/XZQU33EECZHPRDBYXFMYJYBR4E.JPG "Stellantis Pulls the Plug on Camp Jeep Test Track at Chicago Auto Show, Marking the End of an Era.")
Disappointment as Stellantis Withdraws Presence
Automaker Stellantis announced today that it will be laying off thousands of employees at its Jeep plants in response to what it views as stringent emissions regulations imposed by the state of California. The company alleges that these regulations have forced them to make difficult decisions that will impact the livelihoods of their workers.
