Stellantis (STLA) Shares Rise Over 2.3% Amid Ohio Layoff Announcement

Nov 07, 2024

Shares of European automaker Stellantis (STLA, Financial) increased by over 2.3%, reaching $14.195. The rise follows the company's announcement of an indefinite layoff of over 1,000 employees at its Toledo Assembly Complex in Ohio. This decision comes as Stellantis plans to change the operational model at the Toledo South Assembly Plant from a two-shift system to a single-shift model starting January 5.

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