The day after the election of Donald Trump, the announcement is a hard blow for the automobile sector in the United States. The European group Stellantis announced the layoff, at the beginning of 2025, of 1,100 employees from its factory in Toledo, Ohio.
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The jobs concern the southern part of the Toledo factory, where Jeep cars are assembled, and which will now only operate with one team instead of two, specifies the manufacturer Stellantis, parent company of Peugeot, Fiat and Chrysler.
Furthermore, certain activities, i.e. 400 employees, “will be transferred to an external service provider” announced the group.
UAW L 12 just announced that Stellantis will be laying off 1,139 workers at the Toledo Assembly Complex on Jan 5. This is part of a rolling wave of layoffs by Stellantis, GM, Ford, Dana, Boeing, PPG, UPS and other corporations. Harris and the Democrats demonstrated nothing but… pic.twitter.com/bcgp5wK9rq
— Jerry White (@jerrywhiteSEP) November 7, 2024
Stellantis is cutting jobs to “adapt production to sales”, which plunged 20% in the third quarter to 1.15 million vehicles delivered.
The automotive group’s turnover collapsed over this period in North America (-42%, to 12.4 billion euros) due to a drop in sales and promotions launched to reduce inventory. vehicles.
These steps are difficult to take, but they are necessary to allow the company to regain its competitive advantage and ultimately return its production to previous levels.
Stellantis
The layoffs will take place “from January 5, 2025”. Stellantis has 19 locations in the United States where around 52,000 people are employed. The main assembly plants manufacture Jeep, Dodge, Ram and are located in Michigan, Detroit, Ohio and Illinois.
In Europe too, Stellantis is facing difficulties. Sales are at half mast and the 3rd quarter results confirm this. They fell by 27% to reach a level of 33 billion euros.
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