Stellantis Issues Statement In Response To End Of Production Of Ram 1500 Classic At Warren Truck Assembly Plant; Says Indefinite Layoffs At Warren Plant Could Begin As Early As Oct. 8; People Potentially Impacted By Layoffs At Warren Plant Will Be About 2,450; Warren Plant To Move From 2-Shift To 1-Shift Operating Pattern In General Assembly; Other Operations Within Warren Plant To Remain On Two Shifts To Support Jeep Wagoneer Production
Portfolio Pulse from Benzinga Newsdesk
Stellantis has announced the end of production of the Ram 1500 Classic at the Warren Truck Assembly Plant, leading to potential indefinite layoffs for about 2,450 employees starting as early as October 8. The plant will shift from a two-shift to a one-shift operating pattern in the General Assembly, while other operations will continue on two shifts to support Jeep Wagoneer production.
August 09, 2024 | 5:18 pm
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Stellantis is ending production of the Ram 1500 Classic at the Warren Truck Assembly Plant, which could lead to indefinite layoffs for about 2,450 employees starting as early as October 8. The plant will reduce its General Assembly operations from two shifts to one, while maintaining two shifts for Jeep Wagoneer production.
The end of production of a key vehicle model and the resulting layoffs are likely to negatively impact Stellantis' stock in the short term. The reduction in shifts indicates a decrease in production capacity, which could affect revenues. However, continued support for Jeep Wagoneer production may mitigate some of the negative impact.
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