Stellantis CEO, Carlos Tavares, is facing mounting criticism from the United Auto Workers (UAW) union and the U.S. auto dealers over job cuts and declining sales. Stellantis, the parent company of well-known brands like Chrysler, Dodge, Jeep, and Ram, has reportedly been struggling with sales in the recent past.
Carlos Tavares had previously hinted at a strategy focused on optimizing profitability over volume, which seems to have not gone down well with the UAW and U.S. dealers. They fear that the move could lead to job losses and a decrease in market share.
The UAW has particularly criticized Tavares for the job cuts and has expressed concerns about the future of the company’s employees. They feel a fair balance should be struck between profitability and safeguarding jobs.
On the other side, U.S. auto dealers, who heavily rely on the sales performance of the carmaker, have expressed their dissatisfaction. They blame the management and marketing strategies of Stellantis for the decreased sales.
It seems that Tavares has a tough task ahead to appease both these stakeholders while ensuring the sustainability and profitability of Stellantis.
