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Stellantis (NYSE:STLA) is shedding as many as 2,450 employees from a producing plant in Michigan because the European automaker plans to wind down the manufacturing of its Ram 1500 Basic truck later this yr.
Job cuts are anticipated to start as early as October on the firm’s Warren, Michigan, plant, the place the United Auto Employees union represents about 3,700 workers.
The Chryler dad or mum stated the precise variety of layoffs shall be decrease if the corporate can switch some employees to different services. In the meantime, operations at a close-by Stellantis (STLA) plant, the place the newest Ram 1500 fashions are made, will proceed as deliberate.
“With the introduction of the brand new Ram 1500, manufacturing of the Ram 1500 Basic on the Warren [Michigan] Truck Meeting Plant will come to an finish later this yr,” the corporate stated.
The affected employees are eligible for 52 weeks of supplemental unemployment advantages, 52 weeks of transition help, and two years of healthcare protection, Netherlands-headquartered Stellantis (STLA) added.
The layoffs come months after the UAW members ratified new labor contracts with Detroit’s huge three automakers, together with Stellantis (STLA), following weeks of negotiations and commerce union actions.
