Stellantis announced its decision to idle operations at an assembly plant in Belvedere, Illinois, next February, resulting in 'indefinite layoffs' for workers.
in a statement emailed to FOX Business on Friday that the industry had been adversely affected by factors including the ongoing COVID-19 pandemic, the global microchip shortage and the increasing cost related to the electrification of the automotive market, which it said was the most impactful.
The automaker said that a number of actions had been taken to stabilize production and improve efficiency at itsto "preserve affordability and customer satisfaction in terms of quality." However, while considering other avenues to optimize operations, Stellantis said the decision had been made to idle the Belvedere plant starting on Feb. 28, 2023. A Stellantis sign outside company headquarters in Auburn Hills, Michigan, June 10, 2021., which are expected to exceed six months and may constitute a job loss under the Worker Adjustment and Retraining Notification Act. As a result, WARN notices have been issued to both hourly and salaried employees," it said.
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