US auto worker strike: Stellantis’ latest offer could lead to the closure of 18 facilities

<p> US automaker Stellantis (Chrysler parent) is one of the US 'big 3' automakers 9thoers are GM and Ford) hit by the strike. </p><p>CNBC updates the latest, citing 'sources familiar with the discussions':</p><ul><li>The most recent contract proposal by Stellantis
to the United Auto Workers union could lead to the closure of 18 U.S. facilities</li><li>but it could also bring new investments and repurpose an idled vehicle assembly plant in Illinois</li><li>The plans would likely affect thousands of UAW members, shrink the automaker’s North American footprint and create a new “modernized” parts and distribution network, which company and union leaders were at odds over</li></ul><p>Link <a href="https://www.google.com/search?q=stellantis+site%3Awww.forexlive.com&amp;oq=stellantis+site%3Awww.forexlive.com++&amp;aqs=chrome..69i57.5392j0j15&amp;sourceid=chrome&amp;ie=UTF-8" target="_blank" rel="follow">here for more</a>, appears to be ungated. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.