Tariff-related layoffs hit five U.S. auto plants that supply factories in Canada and Mexico [BNN Bloomberg (Canada)]
Stellantis N.V. Common Shares (STLA)
Company Research
Source: BNN Bloomberg
Among those to be laid off are 900 U.S. hourly employees who make powertrains and stampings that supply the affected Canadian and Mexican plants, Stellantis said Thursday. The temporary layoffs are due to reduced production prompted by the tariffs. The affected U.S. employees work at five different Midwest plants: the Warren Stamping and Sterling Stamping plants in Michigan, as well as the Indiana Transmission Plant, Kokomo Transmission Plant and Kokomo Casting Plant, all in Kokomo, Indiana. Most of these workers at the five U.S. plants will not immediately lose pay due to the terms of their union contract. But there would be a risk of lost pay, even with union protections, if the shutdowns at the Mexican and Canadian plants become prolonged. Stellantis's assembly plant in Windsor, Ontario — which produces the Chrysler Pacifica and Voyager as well as the Dodge Charger Daytona — will be closed for two weeks starting Monday. That plant employs 4,500 hourly workers. Also startin
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