Stocks

Stellantis, Ford furlough another 1,250 workers because of UAW strike

1 Mins read

© Reuters. FILE PHOTO: The Stellantis logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David ‘Dee’ Delgado/File Photo

By David Shepardson

(Reuters) – Chrysler-parent Stellantis (NYSE:) and Ford Motor (NYSE:) said on Friday they will temporarily lay off 1,250 employees due to the impact of the United Auto Workers strike.

Stellantis said it now has 1,340 employees on temporary layoff in three states because of the four-week-old strike after announcing the layoff Friday of 700 employees at two plants in Indiana.

Ford said it is temporarily laying off another 550 employees after the UAW walkouts at its Kentucky Truck Plant and Chicago Assembly Plant.

Ford said that starting on Monday it will be laying off about 300 employees at an Ohio transmission plant and about 250 at four Michigan plants along with 12 in Chicago. In total, Ford has laid off 2,480 employees since the strike began on Sept. 15.

Ford has warned that a dozen facilities could be impacted by the strike of the Kentucky Truck plant, its largest factory worldwide.

Just over 34,000 UAW workers at the Detroit Three are on strike.

General Motors (NYSE:) has about 2,300 employees on temporary layoff.

Read the full article here

Related posts
Stocks

Exclusive-ICBC hack led to unit temporarily owing BNY $9 billion - sources

1 Mins read
© Reuters. The logo of Industrial and Commercial Bank of China (ICBC) is seen at its branch at its headquarters in Beijing,…
Stocks

Exclusive-ICBC injected capital into U.S. unit after hack - sources

1 Mins read
© Reuters. FILE PHOTO: The logo of Industrial and Commercial Bank of China (ICBC) is seen at its branch at its headquarters…
Stocks

Biden officials reject Moody's shift to 'negative' outlook, point to Republican 'dysfunction'

1 Mins read
© Reuters. FILE PHOTO: U.S. President Joe Biden delivers remarks to United Auto Workers (UAW) union members in Belvidere, Illinois, U.S., November…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *