www.fgks.org   »   [go: up one dir, main page]

Skip to content
Markets
Hyperdrive

Stellantis Idles Jeep Plant, Citing Electrification Burden

  • Unspecified number of layoffs expected for indefinite period
  • Factory has seen several waves of job cuts in recent years
Jeep Cherokees on a lot at the factory in Belvidere, Illinois.

Jeep Cherokees on a lot at the factory in Belvidere, Illinois.

Photographer: Scott Olson/Getty Images
Updated on
From

Stellantis NV plans to idle a Jeep-making factory in Belvidere, Illinois, citing challenges such as cost burdens due to the shift toward electrification of more models. 

The automaker said in a statement Friday that the “difficult but necessary action,” effective Feb. 28, will result in layoffs of an unspecified number of workers, which will likely extend for more than six months.  

PxPixel