Stellantis idles Belvidere plant as last Jeep Cherokee rolls off the line
The company, Tavares said, is executing a transformation to electric vehicles, which are 40% more expensive to make than those with internal combustion engines. Stellantis, he said, can't pass the increased costs to consumers because many wouldn't be able to afford“We need to adapt to this new world,” Tavares said. “The reality of the transformation of the market is the reality that we need to face.
Stellantis, Tavares said, has to optimize its manufacturing and distribution footprints."If we don' fix it then everybody's going to be in trouble," he said. The union said it has negotiated, and Tavares said the company has agreed to, retirement packages as well as voluntary termination and pre-retirement leaves for workers. It's also working on relocation for interested workers, the UAW statement said. The union says about 2,300 employees are affected.
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