Stellantis reverses Ohio layoffs weeks after CEO's abrupt departure
Ohio Jeep plant less than three weeks after the abrupt resignation of Chief Executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.
The company has decided not to put any employees on indefinite layoff from Jan. 5 due to a previously announced shift reduction and will instead extend a worker adjustment and retraining notification notice, a company spokesperson said in an emailed statement.
Employees are expected to return to work as scheduled after the new year, the spokesperson said.
Tavares' exit was triggered by targets deemed unrealistic or destructive by some board members, sources told Reuters after his sudden fall from the helm of the world's fourth-biggest automaker, whose brands include Jeep, Ram, Fiat and Peugeot.
Last month, Stellantis announced plans to lay off employees at the Toledo South Assembly Plant, which makes the Jeep Gladiator, in an effort to improve efficiency and reduce inventory across its North American operations.
Artificial Intelligence(AI)
Collaborative AI Foundations: Working Smarter with Machines
By — Prince Patni, Software Developer (BI, Data Science)
Marketing
Future of Marketing & Branding Masterclass
By — Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant
Marketing
Digital Marketing Masterclass by Neil Patel
By — Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru
Legal
Complete Guide to AI Governance and Compliance
By — Prince Patni, Software
