Economic Implosion: JEEP to cut half its workface at Illinois plants

Stellantis NV is cutting almost 1,700 jobs at its Jeep Cherokee plant in Illinois, the transatlantic automaker said Friday, the latest example of how the global semiconductor shortage is affecting the industry with lasting implications.

The automaker is reducing shifts at Belvidere Assembly Plant from two to one by July 26. The move, which seeks to “balance sales with production,” will indefinitely lay off 1,641 employees making the compact crossover, Stellantis spokeswoman Jodi Tinson said in a statement, noting the semiconductor shortage has “further exacerbated” the situation.

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