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Stellantis to temporarily lay off 900 US workers as tariffs bite

Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump's tariffs were announced.
Stellantis, the parent company of Chrysler, has announced temporary layoffs for approximately 900 workers at its assembly plant in Toledo, Ohio, and its machining plant in Kokomo, Indiana, due to the impact of new tariffs on imported parts from China. The layoffs, effective from February 5, are a result of the company's struggle to source necessary parts domestically, as the tariffs have made importing these parts more expensive. This situation underscores the broader challenges faced by the automotive industry in adapting to shifting trade policies and the need to localize supply chains.

Read the Full Reuters Article at:
https://www.msn.com/en-us/money/other/stellantis-to-temporarily-lay-off-900-us-workers-as-tariffs-bite/ar-AA1CfOhL