Stellantis cancels 1,100 job cuts planned at Jeep

(Reuters) – Stellantis has canceled 1,100 job cuts decided by its previous management at a Jeep factory located in the US state of Ohio, the Franco-Italian manufacturer announced overnight from Saturday to Sunday.

This announcement comes a few weeks after the sudden departure of Carlos Tavares, pushed out by a board of directors who judged that the objectives set by the group's general director were unrealistic or destructive.

Since the departure of Carlos Tavares, Stellantis president John Elkann has been working to renew dialogue in the three main geographic regions of the group born from the merger between PSA and FCA.

After visiting the United States and Italy, he met last Monday at the Elysée with French President Emmanuel Macron, who in turn underlined the importance of France's place within Stellantis.

(Gursimran Kaur in Bangalore; French version Nicolas Delame)