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Stellantis to temporarily lay off 900 US workers as tariffs bite
DETROIT, April 3 (Reuters) - Stellantis NV (STLAM.MI), opens new tab said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump's tariffs were announced.
Trump broadened the tariffs to a 10% baseline on all imports on Wednesday, with higher rates for some countries. These levies followed 25% duties on all auto imports announced last week, which sent shock waves through the global auto industry.
In a letter sent to employees on Thursday morning, Antonio Filosa, Stellantis' chief operating officer for the Americas, said the company is "continuing to assess the medium- and long-term effects of these tariffs on our operations, but also have decided to take some immediate actions."
These included temporarily pausing production at some Canadian and Mexican assembly plants, affecting jobs at several of Stellantis' U.S. powertrain and stamping facilities, he said.
Shares of Stellantis, which locally makes only half of its U.S.-sold vehicles including Ram trucks and Jeeps, closed 9.3% lower in New York on Thursday. Shares of Ford (F.N), opens new tab, General Motors (GM.N), opens new tab and Tesla (TSLA.O), opens new tab also fell sharply.
Trump broadened the tariffs to a 10% baseline on all imports on Wednesday, with higher rates for some countries. These levies followed 25% duties on all auto imports announced last week, which sent shock waves through the global auto industry.
In a letter sent to employees on Thursday morning, Antonio Filosa, Stellantis' chief operating officer for the Americas, said the company is "continuing to assess the medium- and long-term effects of these tariffs on our operations, but also have decided to take some immediate actions."
These included temporarily pausing production at some Canadian and Mexican assembly plants, affecting jobs at several of Stellantis' U.S. powertrain and stamping facilities, he said.
Shares of Stellantis, which locally makes only half of its U.S.-sold vehicles including Ram trucks and Jeeps, closed 9.3% lower in New York on Thursday. Shares of Ford (F.N), opens new tab, General Motors (GM.N), opens new tab and Tesla (TSLA.O), opens new tab also fell sharply.
https://www.reuters.com/business/autos-transportation/stellantis-says-will-temporarily-lay-off-900-us-workers-following-tariff-2025-04-03/
3 replies
= new reply since forum marked as read
= new reply since forum marked as read
and then tell the workers they can stay at half their wages.
Scrooge is alive and well.
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