Jeep maker Stellantis is laying off about 400 white-collar workers in the U.S. as it deals with the transition from combustion engines to electric vehicles.
Tavares is trying to make himself look good by slashing and burning to cut costs. Next comes all sorts of problems because the company has been gutted and next comes rebadged Chinese vehicles. VW is already doing it and Stellantis is also starting to do it. 100% of Stellantis vehicles to be sold in Singapore will be Chinese vehicles built in a Polish factory. They already have shown their plans. Almost 100% of Stellantis vehicles will be on a single platform. We all should have known legacy manufacturers would be gutted by EVs. They aren't vertically integrated and so don't know how to do anything other then bolt modules provided by suppliers onto sheet metal. I'm no Tesla fan but that company is vertically integrated and therefore designs everything in their cars including the chips. That's why VW failed even though the German government gave them €50 billion to do EVs. They couldn't get all the different CPUs to talk together so the vehicles sucked electricity. All of this was known to be a stumbling block years ago. 5 years ago VW spent €7 billion hiring 25,000 software engineers to sort it out. Obviously they failed and no wonder because the task was impossible.
I know, who is buying? The prices are ridiculous. I don't even look, why look. I'm just going to turn around and walk away anyway, after getting sticker shock. I'm not buying and don't of anyone that is. The ones that are, are just crazy enough or stupid, one of the two.
I just bought a brand new jeep gladiator willys for 36k out the door, what you mean "prices wont go down", they already are 😂 The same jeep would have cost close to 55k 2 years ago. @robertherman1146
Foreigners and illegals. All you need is a tax identification number to buy a car. No credit is required. They buy the car, trash, or crash it, then we pay for it via taxes when the finance institution writes of the loss and requests money from the fed. Then, if the car is still sellable, it goes back into the market and is sold again. It's like an infinate money glitch. 😅
Good, inflation needs to go down. That’s the whole point of raising interest rates and increasing the unemployment rate slightly. It’s to push down inflation
@@gordonwardhaugh8266 You've never been to California, huh? $9 for a burger was cheap BEFORE the increase. Also it went from $16 to $20 so not as massive a jump as you're implying.
@Matt-fl8uy so what you're saying is California thinks turning up salaries is going to change the economy. Yeah at this point what's an extra 4 dollars an hour for a 12 dollar an hour skill with a burger made with 2 dollars worth of material... Yes that 4 dollars an hour per employee is alot for a corporation to handle. Can they do it? Sure. Higher up the scale should decrease their incomes to accommodate for their base line employees. But they will never do that. The term some people say "the rich getting richer and the poor getting poorer" does have some significance to our problems. If everyone's salary goes up, you aren't getting anywhere. There's more to the problem than just a higher salary for burger flippers. If you don't want to dig deep to understand and want a better quality of life I highly suggest getting out of ridiculous California. Life is better with a "lower income" elsewhere.
@@quyle9483 Boy, was that stereotypical republican word vomit. Lots of talk, lots of speculation, zero solutions or even attempts at trying to think through a solution. Capitalism failed, the dollar is pointless. But retrumplicans want to be poor or rich. So were screwed. Thanks for destroying any hope of being an enlightened and advancing species.
I am union,but what did the UAW think was going too happen when they won those big raises ? We are in a major recession nobody is buying their way overpriced thrucks or cars,so say goodbye to you UAW job.
Salaried workers aren't union. And this isn't why they're laying people off. So stop spreading lies if you were union you'd understand what's happening
This is what happens when the OEM gets greedy and jacks prices up to the moon to cover their failed EV products, after fleecing the American consumer for the last 3+ years they deserve everything that's coming to them! I wouldn't step foot in any of the big three dealers at this point.
The title of this video is incorrect. The 400 salaried engineers who were laid off happened several weeks ago. This indefinite layoff involved approximately 200 hourly employees at SHAP.
That's a lot people, and i'm sure that includes the few TPT just was rolled over few months ago at shap. I heard about 60 was let go at the mack plant this past Sunday
My wife insisted we upgrade our 2013 Suburban (which was a great truck for us) to a 2020 Yukon. While we definitely needed to start thinking about a new vehicle, I questioned whether we need one this expensive and HATED all the tech that was needless thrown in into. I am OK with features that increase safety, like collision avoidance, lane departure, etc- but running boards that retract, wifi, sensors on every aspect of the vehicle that have nothing to do with actually driving it, just creature comforts... and these trucks are rolling off the line new at 90k?? And we wonder why no one can afford anything,
bought a 2017 tahoe for 15k and it costed me 30k before i traded it in for 12. get out while you can, they ruined the 5.3 with technology. you were warned
@@rotaryperfection I have a '16 1500 Sport w/ 110K miles, and I like it a lot. A local dealer to me has a '24 w/ the same options as mine ("on sale") for $59K. Love to have a new one, but I'll be keeping mine.
The only reason they're not selling is because the dealers don't order them the way the people want them. The dealer I purchased mine from, they average four deliveries a day, on special ordered vehicles. Mine was one of them.
Unexpected? Stellantis said they would do this if the UAW contract went through. Stellantis is not a US company. There is nothing keeping them here if manufacturing costs are prohibitive.
I bought a brand new RAM1500. The first vehicle in my life that I had defects and problems with the first day I brought it home. A few years prior I bought a new Toyota tundra. I’ve had the tundra now for nine years. I have not had one single damn problem with it.
Unsuspecting people buy new vehicles based on appearances, fail to do their due diligence, until the repair problems begin. Kia and Hyundai are both throw away cars and should never even be allowed to sell in the US! Own and drive two older Toyotas only gas is the expense!
@@quyle9483 First iteration is usually janky but Toyota is quick to continually iterate and improve their engines. The 4.7 and 5.7 had their hiccups and became the venerable reliable beasts that they are today.
My first pickup truck was very basic back in 2000..Manual windows, simple radio, and no cruise control, stability control and paid about 20K. Those trucks aren't even available anymore.
Not yet, before you build something you must demolish what’s there first. Biden is still in the demolition stage of our country and once we’re all bankrupt and starve the building back better will start 😂😂😂
That's what you get when you go on strike and force your employers to pay you the biggest pay increase even without ANY increase in production. You get what you deserve UAW!
Who has 80k to buy a new pickup ? Stellantis (aka Fiat) has made one mistake after another. I feel for the unionized workers getting screwed and probably shift production to Mexico.
Managers have "$80K" to buy a pick-up truck. They're bonuses (as well as all the Fortune 500 management suite in corporate America) have been guaranteed and assured by getting rid of people who "run" the company.
You feel for the highest paid and unproductive spoiled workforce in America??? the UAW gets what they deserve. Delusional people like you who are afraid to call out the truth is why this country is getting worse every day.
Layoffs produce more automation. They no longer need to hire people to make their product. They can make their product anywhere they want with robots. No more salaries, no more benefit packages, no more vacations, no more sick leave. No more complaining ungrateful employees. Just robots making products. That's what the UAW brought to all of those now and in the future who will be unemployed. They bit the hand that fed them.
The irony is the government keeps lying about how many are actually unemployed right now because once they no longer are able to collect unemployment their number disappears 🙄
There are two groups in the consumer segment when it comes to buying new cars these days… People who cannot afford it, and people are are smart enough NOT to buy something that over priced. When you allow dealers in your network to rip off people and jack up the MSRP on your products…what did you think would happen.
I was reading where the average mortgage payment now is around 1000 a month, add on insurance, and homeowners insurance and a new car or truck and your talking about real money. I have a nephew who did all this including a new home to top it off. But he and his wife both have good jobs, so far.
Unions pushed for a 25% raise. Now they will be unemployed and jobs will either be automated or operations will open south of the border. Like the fast food industry, you can raise the wages but less people will get them.
well its not about just unions. they'll be just filing a bankruptcy in the near future and hope theres no more bail out on these greedy auto manufactures.
People are not old enough to remember the previous govt financial bailouts for the big three with only Chrysler still in trouble. As a lifetime career professional mechanic since high school never buy ANY Chrysler products as they are lemons right out of the factory!
@billyhorton5779 Ford is the only one who didn't take a bailout, because they already got a massive loan from the government before the bailout. And guess who is the only one who never paid the government back the money yet? That's right it's Ford 😂
That is the truth. Not that they didn't have raises coming but what did the auto union workers expect to happen when they got there new contract. Listening to Joe B should have been the biggest red flag.
Easy to blame the workers...Management executives were gorging on nosebleed level pricing but nobody has that kind of cash. Hence sales drop. If Stellantis wants to cut personnel chop from the top.
@@Numba1hunna83 I'd rather be in a union with some protection than at will. Even if laid off, the union contract provides a lot more benefit than not having one.
@@jordash9992 So when the cost to produce a vehicle goes up due to the union negotiating higher wages, what do you suppose the corporate bean counters do? Do they hire more people or do they compensate that cost by reducing their salary costs?
That "expert" car analyst failed to mention the real cause for these slow sales numbers, Stellantis hiked prices by over 50% since 2019. They dug themselves into this pit.
Now that there's fewer union dues coming in how many Union thugs I mean bosses will be losing their jobs for at least getting a pay cut none I'll bet❤❤ no they'll just raise the union dues on the others that are still working
@@gordonwardhaugh8266union dues are about 75 a month while union workers get paid approx 40% more than non union workers. If you want to see how bad we need them look up amazon employees salary vs ups employees salary. This is what a union gets their employees vs what greedy corporations do for their employees such as amazon. Your anger should be towards the company cause theyre the ones profiting hundreds of thousands of dollars off one employee per a year while union leaders get hundreds a year.
As a UAW retiree & union member since '63, some things never change. Back in the day when negotiating we were told "Look, here's X dollars for pay increases & bennies, that's it. Divvy it up however you guys see fit". The union knew exactly what was going to happen but what not share it with the members. All they cared about was approve the contract & we'll see you when the new contract expires.
Meanwhile in Windsor Ontario, they keep hiring Iranian engineers. Iranian engineering managers hiring their own international students as full time engineers.
This is the tip of the iceberg we are seeing. 2 years ago someone could walk in with a pulse and would get financed. Now high interest rates, inflation, no savings.
Stellantis is being greedy . They would rather sell a lower number and make more profit per truck vs selling more and keeping the plants humming .. by reducing the prices and making less per unit. It's all about making big profits regardless of market share .. so the CEO's / executives can make more millions.. and bonuses.
The Union getting a 25% increase didn't help. They had to make thst up somewhere and wanted to pass the cost to the consumers. But not everyone is stupid enough to buy vehicles at these ridiculous prices.
Right! They don’t want to lose the extra profit they were used to making during the pandemic so instead of lowering prices even when the market demands it, they would rather not by looking at alternatives cost cutting options such as layoffs of their employees. This shows how big corporate greed has become these days.
Not to mention how bad that is for our economy and communities. They rather outsource jobs in India instead of paying workers decent wages. These workers bring money to communities but nope not anymore! Why should we support a company who is bad for the community? Not to mention less money in the economy means less people who can afford these vehicles. Hopefully stellantis gets what's coming. I would whole heartedly love to see them boycotted!
Have you priced their vehicles, even with current $10,000 discounts they are out of reach. And they don't make sedans or small vehicles. Everything is expensive and big. Yep, more cuts coming.
$10k off discounts used to be fairly attractive in 2019 but because of the very high price hikes of today, they need to offer at least $20k off if they want to generate any real consistent interest. Otherwise sales & market share will continue to fall.
I mean the wagoneer is a really nice vehicle but any would think about buying a vehicle that large and luxurious would rather pay that amount for a vehicle that doesn't have the jeep nameplate on it. Its seriously common sense it should be a Chrysler branded vehicle. Chrysler doesn't even have a vehicle remotely close to it so this market strategy is seriously faulty
Now the workers at the VW plant in Tennessee will get to experience this UAW win as well. Shawn Fain...what a charlatan. Stand up and hit the unemployment line!
He did do good by the members. You think the union should have gave more concessions to the big three? If they did "maybe" less people would be laid off to-date but all those union workers would be making pre-pandemic income that wasn't keeping up with the rest of the economy and price hikes across the board. Either way it went, everyone outside of the auto industry would still be struggling with the inflation and not be buying vehicles like they were before the pandemic inflation hit. Tesla isn't a union shop and they just recently laid off 14,000 workers, citing the same cost reduction and productivity reasons that stellantis gave the press.
The absolute worst company I have ever dealt with. I bought a brand new Dodge Charger Daytona several years ago and went through hell with it. This company and its service departments treats its customers horribly.
For this out of world MSRP do you get free maintenance, a loaner WHEN the vehicle needs extended stay with the dealership, does increased quality come with the price? No to all questions.
The real reason that they are going to lay off people is because there are not selling no trucks overseas everything's been put on hold over here and plus the economy it's very slow people are not really buying new things
Brand name loyalty? Really? When one of these Trucks can set you back 80 to 100k? Don't get me started with reliable. Even fixing these junker cost an arm and leg. You people needs your head checked. Really.
It’s the 10 to 1 rule… for every 10 workers laid off, their workload is shifted to 1 remaining worker. Allowing executives to maintain their bonuses… in double speak, often referred to as company profitability.
Stellantis on average raised their MSRPs by about 50% since 2019 despite inflation being only 22%. What is the extra 28% in price increase is supposed to represent? Did the benefits & quality of their products grew significantly since 2019? We don’t see it! From a customer perspective, there is no substantial added value there to justify the steep price increases. This is why Stellantis has lost 10% in sales last year while simultaneously losing overall market share due to pandemic induced corporate greed.
So your saying if they stayed status quo, 16hr that nothing would've happened??? No.. I don't think so either. Quit blaming labor. In the end, the benefits don't add much to the cost in the end.
@@atleastmypalmsarewhite9960 Says unions that have no clue about business! What is the single most expensive expense in any business by a long shot??? Go ahead I'm waiting!
The unions played you all. That's what they do now. Look for employers who have a robust employee rights contract that gets negotiations every 3 years.
not too many working class people can afford a truck that starts off at 50K$... yea, they advertise a truck that has NOTHING for 38K, but most dealers load up the trucks and they average starting around 50K and goes upto 90K...
The description says 400 salary workers but the report says 199 factory workers. Is it in both areas or just the one? This is a confusing report or maybe I'm not understanding something.
same comment as many others, sales has changed to lower sales with higher prices vs lower prices with more sales, demand is not going to shift to the new anytime soon
As an auto transport driver, this negatively effects my job. As least that’s what I’m thinking. I’ll certainly find out if they can produce enough vehicles for me to stay busy.
Faced with the strong trend of electric vehicles, until prices return to 2019 levels, there is no reason to buy a new gas-powered vehicle if it is not absolutely necessary.
Feel bad for the employees; however 85K for a truck at 21% with 35% down payment and 900 per month is a hard pass for me.
Omg Exactly! The average new truck is $40,000 wth?
What 21%? 35% down payment? Aren't you being a little sarcastic there?
especially when this about a 20K truck to produce.
Thank you unions for continuing to wreck American manufacturing
Tavares is trying to make himself look good by slashing and burning to cut costs. Next comes all sorts of problems because the company has been gutted and next comes rebadged Chinese vehicles. VW is already doing it and Stellantis is also starting to do it. 100% of Stellantis vehicles to be sold in Singapore will be Chinese vehicles built in a Polish factory. They already have shown their plans. Almost 100% of Stellantis vehicles will be on a single platform.
We all should have known legacy manufacturers would be gutted by EVs. They aren't vertically integrated and so don't know how to do anything other then bolt modules provided by suppliers onto sheet metal. I'm no Tesla fan but that company is vertically integrated and therefore designs everything in their cars including the chips. That's why VW failed even though the German government gave them €50 billion to do EVs. They couldn't get all the different CPUs to talk together so the vehicles sucked electricity. All of this was known to be a stumbling block years ago. 5 years ago VW spent €7 billion hiring 25,000 software engineers to sort it out. Obviously they failed and no wonder because the task was impossible.
Prices are going to high. The 1500 has doubled in price in 5 years. We won't buy.
I know, who is buying? The prices are ridiculous. I don't even look, why look. I'm just going to turn around and walk away anyway, after getting sticker shock. I'm not buying and don't of anyone that is. The ones that are, are just crazy enough or stupid, one of the two.
Prices aren’t going to go down. It’s the new normal, get used to it.
@@robertherman1146 disagree. Prices have drop to do this. They will be putting the plants overseas.
@@kennyoboy642unions got their massive raises.
Then they got fired
That guys inflation is bad
I just bought a brand new jeep gladiator willys for 36k out the door, what you mean "prices wont go down", they already are 😂
The same jeep would have cost close to 55k 2 years ago. @robertherman1146
Who is going to buy their expensive vehicles if people don't have jobs?
Foreigners and illegals. All you need is a tax identification number to buy a car. No credit is required. They buy the car, trash, or crash it, then we pay for it via taxes when the finance institution writes of the loss and requests money from the fed. Then, if the car is still sellable, it goes back into the market and is sold again. It's like an infinate money glitch. 😅
Very few of the car buying public works in an auto plant.
@@gatolibero8329 what tax ID number? All you need is cash to buy a car. Nothing else is needed.
Good, inflation needs to go down. That’s the whole point of raising interest rates and increasing the unemployment rate slightly. It’s to push down inflation
Americans buy American vehicles. We overpay to support our community.
25% raise for union jobs = 45% reduction in union jobs….
California minimum wage went up $20 an hour for fast food layoffs are huge now and a burger is now $9
Lol ypu get what you vote for:)
@@gordonwardhaugh8266 You've never been to California, huh? $9 for a burger was cheap BEFORE the increase. Also it went from $16 to $20 so not as massive a jump as you're implying.
@Matt-fl8uy so what you're saying is California thinks turning up salaries is going to change the economy. Yeah at this point what's an extra 4 dollars an hour for a 12 dollar an hour skill with a burger made with 2 dollars worth of material...
Yes that 4 dollars an hour per employee is alot for a corporation to handle. Can they do it? Sure. Higher up the scale should decrease their incomes to accommodate for their base line employees. But they will never do that.
The term some people say "the rich getting richer and the poor getting poorer" does have some significance to our problems.
If everyone's salary goes up, you aren't getting anywhere. There's more to the problem than just a higher salary for burger flippers. If you don't want to dig deep to understand and want a better quality of life I highly suggest getting out of ridiculous California. Life is better with a "lower income" elsewhere.
@@quyle9483 Boy, was that stereotypical republican word vomit. Lots of talk, lots of speculation, zero solutions or even attempts at trying to think through a solution. Capitalism failed, the dollar is pointless. But retrumplicans want to be poor or rich. So were screwed. Thanks for destroying any hope of being an enlightened and advancing species.
"Noone saw this coming", said noone
There is a space between no and one.
@@samg5543 There is a lot of space between "Maybe1Someday" ears
Hmmm let’s say noon😂
This is why im going to keep both my 11 year old vehicles going for long time.
They can keep their high priced trucks. They break down when the dashboard falls in anyway
😂
Auto makers don't care about you, just how much $$$ they make.
U get what u vote for
UAW doesn't care about YOU either.
Obviously ?
I am union,but what did the UAW think was going too happen when they won those big raises ?
We are in a major recession nobody is buying their way overpriced thrucks or cars,so say goodbye to you UAW job.
Salaried workers aren't union. And this isn't why they're laying people off. So stop spreading lies if you were union you'd understand what's happening
This is what happens when you have a mail-in president.
They don't care. The UAW blindly supports Biden and the Democrats.
nothing to do with this. Ask the CEO
Looks like the Auto Union strike worked just fine.
This is what happens when the OEM gets greedy and jacks prices up to the moon to cover their failed EV products, after fleecing the American consumer for the last 3+ years they deserve everything that's coming to them! I wouldn't step foot in any of the big three dealers at this point.
Stellantis doesn't make a BEV in the US.
I am pretty sure it’s the unions who are fleecing the car manufacturers and driving prices up
Joe Biden went to war on Big oil day one.FJB
Which EV are they covering up for? Curious minds want to know lol
Did anybody think the company's wouldn't pass those Union windfalls on ?
If I can’t afford groceries how can I pop for an 80k truck. Times are only going to get worse 😢
The title of this video is incorrect. The 400 salaried engineers who were laid off happened several weeks ago. This indefinite layoff involved approximately 200 hourly employees at SHAP.
That's a lot people, and i'm sure that includes the few TPT just was rolled over few months ago at shap. I heard about 60 was let go at the mack plant this past Sunday
Ok, I was just saying that. Should have read comments first.
Of course, media never tells the truth...
My wife insisted we upgrade our 2013 Suburban (which was a great truck for us) to a 2020 Yukon. While we definitely needed to start thinking about a new vehicle, I questioned whether we need one this expensive and HATED all the tech that was needless thrown in into. I am OK with features that increase safety, like collision avoidance, lane departure, etc- but running boards that retract, wifi, sensors on every aspect of the vehicle that have nothing to do with actually driving it, just creature comforts... and these trucks are rolling off the line new at 90k?? And we wonder why no one can afford anything,
bought a 2017 tahoe for 15k and it costed me 30k before i traded it in for 12. get out while you can, they ruined the 5.3 with technology. you were warned
100% of people who buy a suburban don't need one
Funny thing about safety features, nobody tailgated back in the 70s with everyone having drum brakes.
Get a Tundra. Much more reliable than any modern American brand truck.
Your new Suburban will also steal all the data off your phone.
Sales slowdown...most people can't really afford these vehicles, this is only gonna get worse.
I just watched a review of the new 24 1500 Ram with a msrp of $89.000. I cant emagine why they can't sell enough to keep people employed.
Are you seriously acting like that's their only trim level?
@@rotaryperfection Precisely! They are equally junk trucks at all trim levels.
@@brianklamer3328 Not in my experience. You do you.
@@rotaryperfection I have a '16 1500 Sport w/ 110K miles, and I like it a lot. A local dealer to me has a '24 w/ the same options as mine ("on sale") for $59K. Love to have a new one, but I'll be keeping mine.
The only reason they're not selling is because the dealers don't order them the way the people want them. The dealer I purchased mine from, they average four deliveries a day, on special ordered vehicles. Mine was one of them.
Unexpected? Stellantis said they would do this if the UAW contract went through. Stellantis is not a US company. There is nothing keeping them here if manufacturing costs are prohibitive.
I bought a brand new RAM1500. The first vehicle in my life that I had defects and problems with the first day I brought it home. A few years prior I bought a new Toyota tundra. I’ve had the tundra now for nine years. I have not had one single damn problem with it.
Well you're in for a trip. Do some research and see how people love their 2022-current tundras leaving them stranded
that shouldn't be a surprise.
Unsuspecting people buy new vehicles based on appearances, fail to do their due diligence, until the repair problems begin. Kia and Hyundai are both throw away cars and should never even be allowed to sell in the US! Own and drive two older Toyotas only gas is the expense!
@@quyle9483 First iteration is usually janky but Toyota is quick to continually iterate and improve their engines. The 4.7 and 5.7 had their hiccups and became the venerable reliable beasts that they are today.
@@quyle9483 hah lo….ive heard!🤣😂🤣👍👍👍
Maybe sell vehicles at an affordable price?
My first pickup truck was very basic back in 2000..Manual windows, simple radio, and no cruise control, stability control and paid about 20K. Those trucks aren't even available anymore.
Thanks joe!
If Donald was still president he would give zero shits about citizens.
Employees went on strike and got a big raise, now the company needs to layoff employees. Pretty simple
You dont know what you're talking about
Nobody wants to or has money to pay fot overpriced pick up trucks that will probably take a dump in 5 yrs. Grt a grip on reality stellantis CEOs
Are we built back better yet?
😂😂😂 Looks like they stopped using that a while back. They know that we know there’s no such thing from this administration.
Not yet, before you build something you must demolish what’s there first. Biden is still in the demolition stage of our country and once we’re all bankrupt and starve the building back better will start 😂😂😂
That's what you get when you go on strike and force your employers to pay you the biggest pay increase even without ANY increase in production. You get what you deserve UAW!
Who’s to blame for these ridiculous vehicle prices?
This is not a suprise….they should have seen this coming. Stellantis does care about American Employees.
Neither does the UAW.
Who has 80k to buy a new pickup ? Stellantis (aka Fiat) has made one mistake after another. I feel for the unionized workers getting screwed and probably shift production to Mexico.
Gm importing chinese cars and slapping buick badges on them. Union ain't comment
Managers have "$80K" to buy a pick-up truck. They're bonuses (as well as all the Fortune 500 management suite in corporate America) have been guaranteed and assured by getting rid of people who "run" the company.
GM is owned by the Chinese. Look it up.
You feel for the highest paid and unproductive spoiled workforce in America??? the UAW gets what they deserve. Delusional people like you who are afraid to call out the truth is why this country is getting worse every day.
@@moth450nah they are importing from south korea
When you start charging $100K for a $50K truck, this is what happens!
Layoffs increase productivity? How does that work? Perhaps by making those left work harder?
Layoffs produce more automation. They no longer need to hire people to make their product. They can make their product anywhere they want with robots. No more salaries, no more benefit packages, no more vacations, no more sick leave. No more complaining ungrateful employees. Just robots making products. That's what the UAW brought to all of those now and in the future who will be unemployed. They bit the hand that fed them.
Yes
And calling back temporary workers, which they terminated! the same day this happened
Yeah why not they don't work but 45min a day anyway. Don't forget they take there break outta that 45.
Feels like 2007 all over again!
Except this high inflation
It will be worse
Yes . The snow ball getting bigger and bigger
Mathematically close to 50% worse than 2007 peak bubble. Housing, stocks and unemployment numbers all going to be worse than 2009-2010's bottoms.
The irony is the government keeps lying about how many are actually unemployed right now because once they no longer are able to collect unemployment their number disappears 🙄
Glad I bought my 2019 Bighorn quad cab back when I did. Love the 5.7 Hemi. Great pick up. Gonna last me a long while.
There are two groups in the consumer segment when it comes to buying new cars these days… People who cannot afford it, and people are are smart enough NOT to buy something that over priced.
When you allow dealers in your network to rip off people and jack up the MSRP on your products…what did you think would happen.
That’s it? Surprised they haven’t laid off half their workforce. The prices for Ram and Jeeps have lost touch with reality.
Your right, its not their only trim level. They start at $50.000 out the door. And that explains why a truck will sit 150 days before it sells, maybe.
Keep charging $85K for a truck that you need 50% down payment to lower the payment to $1000/mo, and next time you'd lay off 40,000 employees.
I was reading where the average mortgage payment now is around 1000 a month, add on insurance, and homeowners insurance and a new car or truck and your talking about real money. I have a nephew who did all this including a new home to top it off. But he and his wife both have good jobs, so far.
EPA regulations need to be changed so that they can make small pickups again. These land barges have gotten ridiculous.
Unions pushed for a 25% raise. Now they will be unemployed and jobs will either be automated or operations will open south of the border. Like the fast food industry, you can raise the wages but less people will get them.
well its not about just unions. they'll be just filing a bankruptcy in the near future and hope theres no more bail out on these greedy auto manufactures.
Executive pay/bonuses and corporate stock buybacks are the culprits not union employee raises.
Chrysler, Dodge and Ram will go the way of the Dodo in 10 years. Someone else will buy the Jeep line because there are always idiots who buy them.
I refuse to buy a new Jeep. They are basically boxy AWD minivans at this point.
People are not old enough to remember the previous govt financial bailouts for the big three with only Chrysler still in trouble. As a lifetime career professional mechanic since high school never buy ANY Chrysler products as they are lemons right out of the factory!
I think RAM will stick around too. They are 1 of the 3 options contractors have and there is huge demand for towing 10K-25K lbs.
@billyhorton5779 Ford is the only one who didn't take a bailout, because they already got a massive loan from the government before the bailout. And guess who is the only one who never paid the government back the money yet? That's right it's Ford 😂
Yes, it a long downhill ride to being out of business .
Listening to the unions. Now look at ya.🤔
That is the truth. Not that they didn't have raises coming but what did the auto union workers expect to happen when they got there new contract. Listening to Joe B should have been the biggest red flag.
Easy to blame the workers...Management executives were gorging on nosebleed level pricing but nobody has that kind of cash. Hence sales drop. If Stellantis wants to cut personnel chop from the top.
How dare they want to make a living wage.
@ReedClint well now they get to enjoy no wages.😂
@@Numba1hunna83 I'd rather be in a union with some protection than at will. Even if laid off, the union contract provides a lot more benefit than not having one.
My left ear enjoyed this
Anything related to stellantis means something is broke
The irony is that if there were not a UAW they would probably still be working.
They aren't uaw.
We all know who to blame for prices these days...
Dump printing $7.8 trillion to the deficit causing inflation!
Nobody can afford these vehicles anymore prices are ridiculous
Everyone thinks the price of everything is going up. No, $35 trillion in debt is making our money worthless!
McConnell says 95 billion isn't a lot of money, especially when your spending tax payers money. Money to Ukraine, etc.
@@iworkout6912 Isn’t Zelensky a millionaire now too? Most of us know it’s money laundering.
You are 100% correct…our money is worthless thanks to Biden Economics
That strike really helped those union members….like nobody saw this coming
Nothing to do with workers wages since they only make up 5% of the cost of producing a vehicle. Maybe try looking at where all the money is going.
@@jordash9992 So when the cost to produce a vehicle goes up due to the union negotiating higher wages, what do you suppose the corporate bean counters do? Do they hire more people or do they compensate that cost by reducing their salary costs?
Just wait! The more the auto companies unionize the less workers there will be......
Likely more layoffs. Just like what's happening at fast food restaurants in CA. Layoffs.
@@dancarlton7973 Yup...
Great news. These are the same UAW moochers demanding a 40% pay raise for a 4 day workweek.
How is this great news?
@@dustinanthony6674He likes it when his boss makes more money.
@@dustinanthony6674 read my post. Explained there
@@BangersAndMash98 I own my business. The UAW is screwed the middle class and hopefully the favor is returned
@@eze2190 and how did they screw the middle class?
That "expert" car analyst failed to mention the real cause for these slow sales numbers, Stellantis hiked prices by over 50% since 2019. They dug themselves into this pit.
Another win for the CEO
UAW we will get u a raise by laying off others
Now that there's fewer union dues coming in how many Union thugs I mean bosses will be losing their jobs for at least getting a pay cut none I'll bet❤❤ no they'll just raise the union dues on the others that are still working
@@gordonwardhaugh8266union dues are about 75 a month while union workers get paid approx 40% more than non union workers. If you want to see how bad we need them look up amazon employees salary vs ups employees salary. This is what a union gets their employees vs what greedy corporations do for their employees such as amazon. Your anger should be towards the company cause theyre the ones profiting hundreds of thousands of dollars off one employee per a year while union leaders get hundreds a year.
@@gordonwardhaugh8266 NONE There will be no union bosses laid off because their job is to leach off the union dues.
Thanks Shawn! Keep unionizing the South
As a UAW retiree & union member since '63, some things never change. Back in the day when negotiating we were told "Look, here's X dollars for pay increases & bennies, that's it. Divvy it up however you guys see fit". The union knew exactly what was going to happen but what not share it with the members. All they cared about was approve the contract & we'll see you when the new contract expires.
You think they're suffering now, wait until they drop the 3.0 engine in trucks and pretend it will replace the Hemi.
agreed even the hemi is garbage lol... the true motor was the 360 5.9 magnum
@@AndrewLee-cg6uk The Hemi tick never bothered the 318 or the 392 6.4 Hemi.
Meanwhile in Windsor Ontario, they keep hiring Iranian engineers. Iranian engineering managers hiring their own international students as full time engineers.
That needs to come to
A stop . What are y’all doing about this ?
They have Argentinians running the centers in SHAP now
Fight for that huge raise so you can get laid off. Brilliant idea...
Its not just fighting for wages it's fighting against corporate greed.
Whole automotive industry about to loose some jobs. Inflation and high interest rates are hurting everybody.
This is the tip of the iceberg we are seeing. 2 years ago someone could walk in with a pulse and would get financed. Now high interest rates, inflation, no savings.
Stellantis is being greedy . They would rather sell a lower number and make more profit per truck vs selling more and keeping the plants humming .. by reducing the prices and making less per unit. It's all about making big profits regardless of market share .. so the CEO's / executives can make more millions.. and bonuses.
The Union getting a 25% increase didn't help. They had to make thst up somewhere and wanted to pass the cost to the consumers. But not everyone is stupid enough to buy vehicles at these ridiculous prices.
Right! They don’t want to lose the extra profit they were used to making during the pandemic so instead of lowering prices even when the market demands it, they would rather not by looking at alternatives cost cutting options such as layoffs of their employees. This shows how big corporate greed has become these days.
Not to mention how bad that is for our economy and communities. They rather outsource jobs in India instead of paying workers decent wages. These workers bring money to communities but nope not anymore! Why should we support a company who is bad for the community? Not to mention less money in the economy means less people who can afford these vehicles. Hopefully stellantis gets what's coming. I would whole heartedly love to see them boycotted!
@@hgonz14those 25% wage increases only add 900 more to vehicles made. I think that's not where the real issues lie.
You wanted a new contract, you got it!
Have you priced their vehicles, even with current $10,000 discounts they are out of reach. And they don't make sedans or small vehicles. Everything is expensive and big. Yep, more cuts coming.
$10k off discounts used to be fairly attractive in 2019 but because of the very high price hikes of today, they need to offer at least $20k off if they want to generate any real consistent interest. Otherwise sales & market share will continue to fall.
How about them strikes? Why not strike again? Oh wait you're fired!!
So not just Tesla. That's what I thought.
How about instead of firing employees you lower prices and sell more?! Genius
Honda is having their woes as well. Sad. But Stealerships are still being Greedy everywhere. $101k for a Jeep Wagoneer? I saw a while back! Ridiculous
That is why those wagoneers don't sell, and the dealers can't give them away.
I mean the wagoneer is a really nice vehicle but any would think about buying a vehicle that large and luxurious would rather pay that amount for a vehicle that doesn't have the jeep nameplate on it. Its seriously common sense it should be a Chrysler branded vehicle. Chrysler doesn't even have a vehicle remotely close to it so this market strategy is seriously faulty
You know the US economy is struggling if Honda is struggling right now. Wild times.
Just how do you think they are going to pay for the latest shakedown from the unions?
Now the workers at the VW plant in Tennessee will get to experience this UAW win as well. Shawn Fain...what a charlatan. Stand up and hit the unemployment line!
Shawn Fake going down to TN and maybe AL.
They're so excited about being in the UAW they have no idea what's instore 😂
They're gonna regret it, Fain's nothing but a 🐍🐍
Strikes have consequences 😮.
Thanks Shawn! Ya done good! All the union members told me so in the youtube comments section while the strike was going on!
He did do good by the members. You think the union should have gave more concessions to the big three? If they did "maybe" less people would be laid off to-date but all those union workers would be making pre-pandemic income that wasn't keeping up with the rest of the economy and price hikes across the board. Either way it went, everyone outside of the auto industry would still be struggling with the inflation and not be buying vehicles like they were before the pandemic inflation hit. Tesla isn't a union shop and they just recently laid off 14,000 workers, citing the same cost reduction and productivity reasons that stellantis gave the press.
@@killer2600 Their PRE PANDEMIC income was the highest of any manufacturing non skilled labor job in the USA!
I’m retired now and have been laid-off 5 times in my life from differing industries. Get use to it. This has been going on for decades.
Honestly theres almost no help in hell for ram, jeep and Chrysler at this point unless they have a plan like Lee Iaccoca did in the 80s
The absolute worst company I have ever dealt with. I bought a brand new Dodge Charger Daytona several years ago and went through hell with it. This company and its service departments treats its customers horribly.
For this out of world MSRP do you get free maintenance, a loaner WHEN the vehicle needs extended stay with the dealership, does increased quality come with the price? No to all questions.
The real reason that they are going to lay off people is because there are not selling no trucks overseas everything's been put on hold over here and plus the economy it's very slow people are not really buying new things
High interest rates no one can afford to repay 100k in loans with 7% interest
Brand name loyalty? Really? When one of these Trucks can set you back 80 to 100k? Don't get me started with reliable. Even fixing these junker cost an arm and leg. You people needs your head checked. Really.
Problem is their vehicles are way too expensive... they would sell if the prices were realistic.
It’s the 10 to 1 rule… for every 10 workers laid off, their workload is shifted to 1 remaining worker. Allowing executives to maintain their bonuses… in double speak, often referred to as company profitability.
It’s because of the price increase. Greed
Inflation from bidens bs .
With Bidenomics you can afford that increase!
Yes greed of the company AND the union!
Hey Fain, could you please come back from VW plant. We need you
Pretty sure he's gone from Chattanooga. They are now unionized. And I will say the quality of the vehicles will probably be worse.
@@quyle9483 Is that possible?
But the economy has never been better ask Joe
$90k for a loaded half ton pick-up? Either no one is buying, or they are getting greedy.
Where's Shawn Fain at?
But I thought the strike was a victory for everyone???
Don’t question the “hero”
Probably Molesting little boys in Kokomo again.
Eat the rich! What a tool
Perhaps he is hiding in bidens closet keeping close eye on their icecream
In Sterling heights! I'm Ron Burgandy. Local 4 lol
Stellantis on average raised their MSRPs by about 50% since 2019 despite inflation being only 22%. What is the extra 28% in price increase is supposed to represent? Did the benefits & quality of their products grew significantly since 2019? We don’t see it! From a customer perspective, there is no substantial added value there to justify the steep price increases. This is why Stellantis has lost 10% in sales last year while simultaneously losing overall market share due to pandemic induced corporate greed.
Hopefully Ford has a place to store all those unsellable vehicles . They need to build a museum so the next generation can see what they looked like .
And so it begins. So long Dodge. Isn’t this news……electrifying?
Ram has entered the chat..."what dodge? you mean, ole granpa?"
They brought this on themselves with their ridiculous union demands.
So your saying if they stayed status quo, 16hr that nothing would've happened??? No.. I don't think so either. Quit blaming labor. In the end, the benefits don't add much to the cost in the end.
@@atleastmypalmsarewhite9960 Direct labor is about 15% - 20% of the total cost of building a car in the US.
Trolll
@@atleastmypalmsarewhite9960 Says unions that have no clue about business! What is the single most expensive expense in any business by a long shot??? Go ahead I'm waiting!
I see a lot of companies are laying off people in the U.S., what is this trend?
The unions played you all. That's what they do now. Look for employers who have a robust employee rights contract that gets negotiations every 3 years.
why i ignore any recruiter emails from the auto industry
I sent them all to spam box
not too many working class people can afford a truck that starts off at 50K$...
yea, they advertise a truck that has NOTHING for 38K, but most dealers load up the trucks and they average starting around 50K and goes upto 90K...
The description says 400 salary workers but the report says 199 factory workers. Is it in both areas or just the one? This is a confusing report or maybe I'm not understanding something.
150 day inventory . yea they knew
Folks, they're all McJobs now. Honestly, McDonald's might offer more in terms of skill development and advancement opportunities.
What going to happen to them fellas in Alabama when they went to a union.
same comment as many others, sales has changed to lower sales with higher prices vs lower prices with more sales, demand is not going to shift to the new anytime soon
As an auto transport driver, this negatively effects my job. As least that’s what I’m thinking. I’ll certainly find out if they can produce enough vehicles for me to stay busy.
Did the channel layoff their audio engineer also?
Why can't there be a mono option for this reason
Wages very high in US 1 hour equal to 1 day in third country 😂
You act as if 3rd world countries are doing anything right by enslaving their population.
As soon as that massive uaw contract was signed, I said layoffs were gonna follow.
Faced with the strong trend of electric vehicles, until prices return to 2019 levels, there is no reason to buy a new gas-powered vehicle if it is not absolutely necessary.