A Jeep Cherokee factory is cutting 1,600 jobs in Northern Illinois as the auto industry continues to struggle with the global shortage of semiconductors.
The U.S. arm of Stellantis announced this week is was going to cut one of its two work shifts at the Belvidere Assembly Plant as of July 26. 1,641 workers could be affected, a local NBC affiliate reported over the weekend.
Company spokeswoman Jodi Tinson claimed that the company was trying to “balance sales with production,” and that the factory’s situation “has been further exacerbated by the unprecedented global microchip shortage.”
This stands at odds with comments made by the company’s CFO earlier this month, when we reported that Chief Financial Officer Richard Palmer said the semi shortage impact would be higher in Q2, but also said it “is still very controlled”.
The plant has been idled since late March, the report notes. Its re-opening has been delayed and isn’t expected until “at least” later this month. – READ MORE
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