Earlier GM cut 5,000 salaried workers and several hundred hourly jobs. Ford previously announced it would cut a total of 3,000 salaried and contract jobs, mostly in North America and India. Now, today, Chrysler parent company Stellantis announces 3,500 auto sector job cuts.
Stellantis owns the Jeep, Ram, Chrysler, Dodge and Fiat brands. Apparently, there is something in the U.S. economy that’s happening despite the great pretending….
Biden in Michigan, speaking to auto-workers, 2020
WASHINGTON, April 25 (Reuters) – Chrysler-parent Stellantis NV (STLAM.MI) wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages, according to a United Auto Workers union letter made public Tuesday.
The automaker is looking to reduce its hourly workforce offering incentive packages that include $50,000 payments for workers hired before 2007, UAW Local 1264 said in a letter dated Monday posted on its Facebook page.
Stellantis spokeswoman Jodi Tinson declined to comment. A person briefed on the matter said the figure might be lower than the figure cited in the UAW letter.
In late February, Stellantis indefinitely halted operations at an assembly plant in Illinois, citing rising costs of electric vehicle production.
The action impacted about 1,350 workers at the Belvidere, Illinois, plant that built the Jeep Cherokee SUV and resulted in indefinite layoffs. The automaker has warned it may not resume operations as it considers other options. (read more)
The Investment Recovery Act (IRA), aka “the green new deal” multitrillion spending bill, was supposed to enhance autoworkers. Funny how the exact opposite happens.
The incentive packages outlined in the UAW Local 1264 letter included the following details:
- Incentive Package for Retirement: $50,000 for seniority members hired prior to the 2007 agreement.
- Voluntary Termination of Employment Program: guaranteed lumpsum benefit payment and is applicable to employees with at least 1 year seniority.
.
Overall govt spending and regulatory controls drove inflation for these past two years. The ‘demand side’ was blamed, despite the lack of demand. I will be proven right when history is concluded with this. Interest rates were raised by central banks in an effort to support the policies that are driving ‘supply side’ inflation, not demand side.
Energy policy was/is crushing the consumer by driving up the cost of all goods and services. To support the overall goal of changing global energy resource and development (a false and controlled global operation), central banks raised interest rates. Various western economies, including our own, have been pushed deeper into a state of contraction by central banks crushing consumer demand, and eliminating investment via increased borrowing costs.
In short, the goal was/is to lower energy consumption by shrinking the economic activity. This, according to the BBB plan, was needed at the same time as energy development was reduced.
These economic outcomes are not organic, they are all being controlled by collective western government agreement.
HEY FAT!
LINK:
Why Solar Energy Stocks Dropped on Wednesday (msn.com)
‘Shares of Enphase fell as much as 27.2% in Tuesday trading, Sunrun (NASDAQ: RUN) dropped as much as 10.1%, and SolarEdge Technologies (NASDAQ: SEDG) was down 11%. The stocks were down 26.3%, 9.8%, and 10.6% near the end of trading.’
What was the cause of the drop?
Sales.
that people have to finance these conversions at increasingly higher interest rates and product costs is a big part of it.
I sympathize with the people who will be out of work from this, but elections have consequences.
So do stolen elections. As more time passes and the destruction of America accelerates, is there still any doubt that a small group of globalists planned and executed the whole thing? Nobody could cause this much financial ruin without a specific plan and purpose. Not a chance things will not get a whole lot worse, which of course is their objective
That’s what’s so difficult for people to process.
There have been certain industries that have purposely been targeted for destruction but, this is a complete, swift destruction of our economy including monetary conversion.
The majority of the people are either in complete denial or do not believe it’s on purpose.
In order to prepare as much as possible an understanding is crucial.
Many I speak to blame it on incompetence but that’s dangerous because typically in historic terms the government does have safety nets and that’s not going to be the case with this reset planned they want initial chaos.
Just yesterday this random survey popped up while I was browsing the question : Do you think it’s fair for the government in some instances to take a partial part of a persons pension and or 401k.
I did not participate in any of these but, that one is very telling. I feel the government is testing the public’s response.
Even five years ago that would have shocked me. Now it’s just confirming what’s to come.
The truly incompetent ones are those who let this occur, the voters.
We voted the criminal cabal stole it. Time to get the crminals – we know who they are and they know we know.
You mean Selections, don’t you?
Nothing is senile about this guy. The “Joe-in-the-basement” narrative is a whole bunch of bunko. He knows exactly what he is doing. Hey ya’, writers, even conservative ones, stop playing us all like we are jerks.
No chance. Dude can’t string together sentences. Started out as a low IQ lying grifter and has deteriorated.
Nah, Joe just signs the paperwork and tries to read what they put in front of him.
Looking at that picture and comparing the expressions on those faces…and the body language… to pictures of PDT when he’s meeting with firefighters, police, and the like…such as, we can see see how they’re all pressing to get closer to him, with those big smiles, all the hands out reaching out, right?
No, guess not.
I remember how the man in the red hard hat told Xiden to stop poking his finger at him. Xiden stopped as he thought he might get punched!
I’d be tempted to give him a knuckle sandwich! The POS deserves it! That’s why I’d never get near him.
Ditto….If I was ever close enough, it would be REAALLLY hard to hold back!! Grab that bastard right by the neck!!
I have friends who live in the D.C. area who have invited me out. I don’t want to get anywhere near the place.
Once was enough.
One of many reasons that the Libtard DemocRATS loathe, dispise and hate President Trump is because he is loved by middle class Americans.
The Libtard DemocRATS and various other assorted miscreants, run on hatred like a Locomotive runs on Diesel Fuel.
Build Back Better, in action! Joe wants to finish the job in 2024.
Finished. Yes. Who wants more of what we have seen in the past two years? Two decades?
No Americans don’t want to finish the Great Reset, we want to rebuild what was lost in America.
An America built on freedom to choose and equal opportunities for all under the enumerated powers of the US Constitution!
Biden’s bogus self enriching green initiative will be the biggest and most expensive Boondoggle in the history of the USA. The harm it will cause is incalculable at this time.
Assuming that the Uni-party/Graham/Biden wars are in a worse category than climate boondoggles.
Brandon PROMISED Student Loans being FORGIVEN — it looks like those who believed him are FORSAKEN.
Brandon PROMISED a GROWING Economy — those who believed him are ARE GETTING PINK SLIPS.
Brandon PROMISED Green Energy — those that believe him have to pay on the NOSE FOR GAS AND ELECTRIC.
Brandon PROMISED to PROTECT Union Jobs — well look at Crysler as to where this pattern is going!
“Brandon PROMISED Green Energy — those that believe him have to pay on the NOSE FOR GAS AND ELECTRIC.”
Not true. People who DO NOT believe him pay the same price for “gas and electric”.
Some people do not believe “The goal of socialism is Communism”.
Brandon promised to eviscerate energy independence AND he and Ms Nuland had a thing or two say about Nordstream, too: promises delivered and disaster for North America and Europe.
Biden is just “finishing the job.”
This makes me sick to my stomach.
Sadly such a level of illness does not lead to physical action and that is what will be necessary to turn this ship around.
How many jobs will be cut/salaries reduced among union leadership?
Historically these are dem jobs. Looks as if the unions are realizing too late that the life raft Biden put them in is headed over Niagara Falls.
TOok me a while to stop laughing at your question, but here’s the answer: NONE.
F J B !!!!
LETS GO BRANDON !!
Hey Auto Union, you voted for this. Learn to code.
The trucking company my Grandson works for used to have 120 loads to pick up weekly. It is now down to 20-25 per week. All of the trucking companies are having decreases in pickups. A lot more pain on the way.
Used to be, under President Trump, they couldn’t find enough drivers.
I think more and more is going via railroad. My neighborhood tracks are very busy lately.
I have a neighbor who works for a tool and die company. Has for well over a decade. They have laid off a lot of people lately.
During President Trump he got a new truck and a new fishing boat. Under Delusional Joe he can’t afford to drive his truck to work anymore and he may not have a job for much longer.
Ronald Reagan, “When the government knocks on your door and says they are here to help, run”!
Once again a majority of Americans do not agree with the actions of its government.
Why do we allow this non-representation?
I have been and will continue Believe that joe Biden is embracing for our country as leader,
American weakup especially liberals,Because America value are vanish everyday,
Huh?
Hey, you union saps! Take this back to your leadership and ask them how this was allowed to happen. Gee, the Dems not only lied to you, the workers, but lied to your U.A.W. officials as well. Remember President TRUMP saying, “What have you got to loose?!” The President spoke nothing but the truth from the time he ran and then raised his right hand. No president has been more honest.
Well, the laid-off union workers should learn to mine … lithium.
I recall The One making a similar smartass comment when his brilliant economic policies wiped out tens of thousands of jobs a few years ago.
My life in the union:
Vote democrat, then lose your job and blame republicans.
Gee….I thought the green new deal, the build back better, the electric vehicle push would move these manufactures to hire! Thought we would be so busy building electric car and the demand would be so high they would have to hire. Hmmm. Don’t be fooled! Everything this administration does is with the full intent to destroy America. They are rotten to the core. They package and sell there crap with the lies that this will help us, the economy, jobs, inflation, etc. They have no intentions of trying to help America. They only want and need to stay in power and will do everything they have to to do this. Let’s face it folks, with what we know about them now, they can not let the power go for fear of them having to account for their actions. For them…its now or never! They have never had so much power, control and influence through their infiltration, that they must make their move now. This is why it is so…in our face right now. We should have absolutely NO FRICKIN MERCY for these evil SOB’S when we do…get the White House back…if it even occurs like that. There are many ways things could go down here, and some are ways we have never seen or experienced before…but our forefathers left some bread crumbs for us!
The Jeep dealership in my area is adding a 8-10 grand “market adjustment” to sticker price. Not many Jeeps selling with that.
Have the Trump hating , Democrat , Union voters yet realized , after 50 years of selling them out, that the Union leaders and the democrat party don’t give a damn about you ?
No.
They will never admit they were wrong.
Stellantis partly owned by Dongfeng Motor Corporation, wholly Chinese Government owned. How’s them apples auto workers.
Dodge decided this year to fully embrace the insanity.
The amazing Dodge Charger will no longer be offered with an internal combustion engine.
The most iconic car in the brand was budlighted before budlighting was popular.
What a shame. Stabbing your own testicles with an ice pick.
Full disclosure – I was fortunate to do most of my auto race training in a Hellcat. Unbelievable track ready car. The car can be driven daily in comfort.
Now the wokesters are going to stain the brand with failure. Of course they are owned by a multinational corporation headquartered in the Netherlands.
Just like Budweiser is owned by a Belgium based company.
Our blue bloods have wanted to be Eurotrash for the last 100 years. Too bad we can’t just send them back there.
My sympathy for these Union folks can be found in the dictionary between sh!t and syphilis. They slept with camels, they can live with the fleas.
I don’t understand why Auto Workers Unions support the Democratic Party which has outsourced its jobs.
The people I know in the trenches do not. The leadership is another matter.
The UAW members still vote 100% Democrat – it doesn’t matter if they are laid off of the plant closes – they are still loyal Dems