'Stellantis Could Close 18 Facilities Under UAW Deal — Here Are The Full Details Of Its Latest Offer' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Stellantis has proposed to the United Auto Workers (UAW) union the closure of 18 facilities, including manufacturing plants and its North American headquarters. The proposal is part of ongoing negotiations amid targeted UAW strikes against Stellantis, Ford, and GM. The closures could affect thousands of UAW members and would involve the creation of a new 'modernized' parts and distribution network. The proposal also includes potential new investments and the repurposing of an idled vehicle assembly plant in Illinois.
September 18, 2023 | 6:12 pm
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Stellantis' proposal to close 18 facilities could lead to significant changes in its operations and workforce. The closures could affect thousands of UAW members and would involve the creation of a new 'modernized' parts and distribution network. The proposal also includes potential new investments and the repurposing of an idled vehicle assembly plant in Illinois.
The proposed closure of 18 facilities by Stellantis could lead to significant changes in its operations and workforce. This could potentially affect the company's productivity and profitability in the short term. The ongoing negotiations and strikes could also impact the company's reputation and investor confidence.
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