Stellantis Halts French Plant Production, Cuts Jobs in Italy Amidst European Economic Pressures
Stellantis, the world's fourth-largest automaker, has announced a temporary production halt at its Mulhouse plant in France, affecting 2,000 employees. This move comes amidst a broader trend of job cuts across various European countries due to economic pressures and high costs.
The French plant will pause operations from October 27 to November 2, citing a difficult European market and inventory management issues. Stellantis also plans to cut 10,000 jobs in Italy over the next four years. This decision follows similar announcements from other major companies, including Bosch, Volkswagen, Volvo Cars, and Commerzbank, all citing economic pressures.
Markus Beyrer of BusinessEurope attributed this trend to complex regulations and over-reliance on China and the US. Morten Bodskov, Danish Minister of Industry, warned of slow regulatory approval processes in Europe. US tariffs, internal regulatory costs, and high energy costs have also contributed to these workforce reductions. Stellantis is adjusting production and workforce levels, with the hybrid Fiat 500 set to be produced at the Mirafiori plant in Turin later this year.
The temporary production halt at Stellantis' Mulhouse plant is part of a larger trend of job cuts and production adjustments across Europe. Companies are grappling with a difficult market, high costs, and regulatory challenges. Stellantis' plans to cut jobs in Italy and adjust production in France reflect the broader economic pressures facing European economies.
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