UAW Local leaders call out Stellantis over layoffs in Michigan and other states, claim mismanagement [CBS News]
Stellantis N.V. Common Shares (STLA)
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Source: CBS News
"It is management's mismanagement, and ultimately, it falls on (Stellantis CEO) Carlos Tavares for these problems," said Luigi Gjokaj, UAW Local 51 president. Gjokaj says he believes Stellantis's recent struggles are a result of mismanagement, not poor market conditions, as the company stated in a statement last week. "It's a complete fallacy. How can you cite market conditions when Ford and GM just reported in their fourth quarter? I wanna say double-digit overprocess, so record profits again. It's not the market it's mismanagement," Gjokaj said. Gjokaj said the roughly 4,000 layoffs across Michigan, Ohio, and Indiana are causing a rift among union members. He said the company is waiting as long as it legally can notify the union of its plan, which is making it difficult to notify the union members of what's happening. "And I believe the company is using this tactic to sow discord and content among membership so that we take our eye off the ball and always remember that it i
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