Jeep maker Stellantis said its 1,350-employee assembly plant in Illinois would be idled in February, resulting in indefinite layoffs
The layoff announcements just keep coming. As interest rates continue to climb and earnings slump, WSJ’s Dion Rabouin explains why we can expect to see a bigger wave of layoffs in the near future.
Illustration: Elizabeth SmelovJeep maker Stellantis NV said it would stop operations at a 1,350-employee assembly plant in Illinois, citing the need to control costs in the face of supply-chain disruptions andThe Netherlands-based global auto maker said Friday that its factory in Belvidere, Ill., which makes the Jeep Cherokee sport-utility vehicle, would be idled effective Feb. 28 and result in indefinite layoffs.
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