Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck
Publishing timestamp: 2024-08-09 17:36:00
Summary
Stellantis plans to lay off up to 2450 U.S. plant workers in Michigan as it discontinues production of older version of Ram 1500 pickup. The company has not announced a vehicle to replace the truck, causing concern for local governments, workers, and the United Auto Workers union. CEO Carlos Tavares is criticized for the layoffs while increasing his own pay.
Sentiment: NEGATIVE
Tickers: STLA,
Keywords: business news, stellantis nv, layoffs, united states, transportation, personnel, labor economy, autos, breaking news: business, detroit, business, carlos tavares,
Source: https://www.cnbc.com/2024/08/09/stellantis-layoff-workers-ram-pickup-truck.html