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Stellantis to cut 600 jobs in eastern France - spokesperson

Published 01/24/2024, 01:27 PM
Updated 01/24/2024, 01:31 PM
© Reuters. FILE PHOTO: Stellantis logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
STLAM
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PARIS (Reuters) - Stellantis (NYSE:STLA) will cut 600 jobs at its Mulhouse plant in eastern France, a company spokesperson said on Wednesday, adding the move would concern workers on time contracts while those working with permanent labour were not affected.

A CFE-CGC union representative told Reuters the company cited the wider geopolitical situation and its current price race against competitors regarding electric cars as reasons for the cuts.

A Stellantis spokesperson said the decision was not linked to the tensions in the Red Sea, saying "we can see that the European market is hesitant."

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