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Month: September 2024

Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat

Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat

Stellantis Plans to lay off hundreds of full-time and seasonal employees starting October 1 as it enters “full execution mode” aimed at coping with slumping sales and earnings. But the cuts could lead to further friction even as members of the United Auto Workers Union vote on whether to authorize a strike at the Euro-American automaker.

Ford, Stellantis Move Closer to Strikes

Ford, Stellantis Move Closer to Strikes

Barely a year after wrapping up a “stand-up strike” against Detroit’s Big Three automakers the the United Auto Workers Union appears ready to launch another series of walkouts. First in line: a Ford unit producing critical tooling for parts plants and assembly lines could face a strike at midnight Wednesday after talks broke down. Stellantis could be next.

Stellantis CEO Tavares May Be on His Way Out

Stellantis CEO Tavares May Be on His Way Out

Once one of the most respected executives in the auto industry, CEO Carlos Tavares is coming under withering fire from investors, dealers and employees as the company’s fortunes fade – especially in North America, its most profitable region. With his contract set to expire early next year, the automaker is considering whether it’s time for a management shake-up.