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Stock impact report

Stellantis announces 900 US worker layoffs amid tariffs [Yahoo! Finance]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: Yahoo! Finance
This decision comes in the wake of newly implemented tariffs, which have increased the cost of auto imports and disrupted production across North America. The company will halt production at its Windsor Assembly plant in Canada for two weeks, affecting nearly 4,500 employees, reported Reuters. The Toluca Assembly plant in Mexico will suspend vehicle production throughout April, however, employees will still report to work and receive their salaries. The tariffs, expanded to a 10% baseline on all imports by the Trump administration, have also led to a 25% increase on auto imports. This has sent shockwaves through the global auto industry, as companies like Stellantis struggle to maintain margins. In a letter to employees, Stellantis outlined “continuing to assess the medium- and long-term effects of these tariffs on our operations, but also have decided to take some immediate actions.” Romaine McKinney III, president of the local union chapter that represents workers at St Show less Read more
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