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Stellantis to Delay Reopening of Belvidere Assembly Plant
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Stellantis to Delay Reopening of Belvidere Assembly Plant
Aug 20, 2024 6:42 AM

08:40 AM EDT, 08/20/2024 (MT Newswires) -- Stellantis NV ( STLA ) has notified the United Auto Workers union that plans to reopen the Belvidere assembly plant in Illinois will be delayed, but it remains committed to the project, the company said Tuesday.

"To ensure the Company's future competitiveness and sustainability, which are necessary to preserve U.S. manufacturing jobs, it is critical that the business case for all investments is aligned with market conditions and our ability to accommodate a wide range of consumer demands," Stellantis ( STLA ) said.

The company statement comes a day after the UAW said several union locals representing thousands of Stellantis ( STLA ) workers have prepared to file grievances, setting the stage for a possible national strike at the automaker. The UAW accused Stellantis ( STLA ) of failing to honor its investment commitments, as well as the union contract.

"The Company has not violated the commitments made in the Investment Letter included in the 2023 UAW Collective Bargaining Agreement and strongly objects to the Union's accusations," Stellantis ( STLA ) said.

Price: 16.47, Change: +0.17, Percent Change: +1.07

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