UAW Strike Threat Defeats Stellantis Job Cuts
After the powerful auto strike in 2023, the United Auto Workers won a commitment from Stellantis (formed by the merger of Fiat Chrysler Automobiles and PSA Peugeot) to reopen a closed plant in Belvedere, Illinois, by 2027. However, Stellantis, under the direction of CEO Carlos Tavares, reneged on its commitment one year later.
Regarding other plants, the company threatened to move future production to plants outside the U.S. This would violate product commitments agreed to under the 2023 contract. Thousands of workers were laid off indefinitely.