Stellantis CEO Carlos Tavares promises massive job cuts as Stellantis attempts to restructure its operations. Several plants and even the company’s HQ building in Auburn Hills are all potential targets for job cuts.
job cuts
Lucid Trimming Jobs – And More Cuts Are Coming in the EV Sector
Struggling battery-electric start-up Lucid Group will cut 400 jobs as it tries to slash mounting financial woes. It’s far from the only EV manufacturer responding to slowing sales growth by trimming its workforce, however. And still more cuts are expected to follow in the months ahead.
“No Longer Competitive,” Volkswagen Brand Facing Job Cuts, $11 Billion in Cost Savings
The iconic Volkswagen brand is facing major problems that make it “no longer competitive,” the automaker told its staff on Monday, and that has triggered a 10 billion euro, or $10.9 billion, cost saving program that will include job cuts. More from Headlight.News.