Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs

Stellantis to indefinitely idle Jeep plant, lay off workers to cut costs for EVs

Dec 09, 2022 by CNBC

Key Facts

  • The transatlantic automaker, formerly known as Fiat Chrysler, said the plant will cease production as of Feb. 28.
  • “Our industry has been adversely affected by a multitude of factors like the ongoing COVID-19 pandemic and the global microchip shortage, but the most impactful challenge is the increasing cost related to the electrification of the automotive market,” Stellantis said in an emailed statement.
  • It said it is “working to identify other opportunities to repurpose the Belvidere facility and has no additional details to share at this time.”
  • United Auto Workers President Ray Curry described the idling of the plant as “grossly misguided” and “unacceptable,” especially during this time of year.

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