Chrysler-parent Stellantis (STLAM.MI) said on Monday it is laying off another 570 workers and General Motors (GM.N) announced cuts of nearly 200 employee due to the United Auto Workers strike.
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File PhotoFord said Monday another 70 workers had been laid off in Michigan, bringing the total at the automaker to 1,865 since the strike began. There are a total of 640 workers at Stellantis that have been laid off.
Stellantis, which has had a total of 640 layoffs, said the latest include 520 at its Trenton, Michigan engine plant as well as 50 at an Indiana casting plant. Stellantis said the layoffs were due to storage constraints. GM increased its layoffs by 200 to 2,300, affecting six plants including its Lansing, Michigan, stamping plant and a Toledo, Ohio, plant.category
PGT Innovations Inc , a U.S. maker of vinyl and aluminum doors and windows, rebuffed a $1.9 billion acquisition offer from Miter Brands, a competitor backed by Koch Industries, people familiar with the situation said on Tuesday.U.S. Treasury futures rose on Monday on expectations that investors will buy bonds as a safe haven during the conflict in the Middle East and as Federal Reserve officials made dovish comments.
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