Stellantis’ emphasis on cost-cutting has intensified as CEO Carlos Tavares tries to reverse its sliding sales and profits in the U.S.
added to its rising tally of layoffs on Friday, saying 400 workers at a Detroit automotive parts facility would indefinitely lose their jobs as the car maker reduces costs in its struggling North American business.
Tavares recently shook up his top management, and the company announced he would retire after his contract ends in early 2026. Stellantis’ stock is down about 41 per cent this year. While the company has reduced its salaried work force through voluntary buyouts, job cuts among its manufacturing employees represented by the United Auto Workers union have gathered the most attention from politicians.
“Our members are ready to build Jeeps, but management’s missteps are standing in their way. We are prepared to use every tool in our arsenal to fight back,” the UAW said in a statement.
Company Stellantis Automaker Uaw Statement President Management Carlos Tavares UAW United Auto Workers
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