Stellantis (STLA), the automaker behind Jeep, Ram, and Chrysler, announced this week that it will cut 1,100 jobs at a plant in Toledo, Ohio, according to the Detroit News. The company has been facing ...

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.

Stellantis, which owns brands like Chrysler, Dodge, Fiat, Jeep and Ram, says the job cuts are effective Jan. 5, 2025.

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Stellantis is facing weaker sales and a major inventory backlog in North America; it's recently reshuffled its senior management to try and address those problems.

Stellantis is laying off approximately 1,100 workers at its Jeep plant in Ohio, as the company grapples with surging inventory levels.

Stellantis said the decision was needed to manage output levels to better align with sales as it works to cull a stockpile of unsold vehicles.

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