Stellantis Announces Temporary Layoffs For Additional 700 Employees From Kokomo (Indiana) Transmission & Kokomo (Indiana) Casting Plants, Effective Oct. 13; Co Has A Total Of 1,340 Employees On Temporary Layoff Across 3 States
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Stellantis has announced temporary layoffs for an additional 700 employees from its Kokomo (Indiana) Transmission & Kokomo (Indiana) Casting Plants, effective Oct. 13. This brings the total number of employees on temporary layoff across three states to 1,340.
October 13, 2023 | 6:08 pm
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Stellantis' decision to lay off additional employees temporarily could potentially impact its production and operations, which may affect its stock performance in the short term.
The layoffs indicate potential disruptions in Stellantis' operations, which could lead to decreased productivity and potential financial losses. This could negatively impact investor sentiment and cause a short-term drop in the company's stock price.
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