By Reuters Chrysler parent Stellantis said on Friday it will lay off about 400 U.S. salaried workers as it seeks to cut costs, boost efficiency and ramp up electric-vehicle production plans. The Italian-American automaker said it is reducing its engineering/technology and software organizations by about 400 U.S. jobs effective March 31, which represents 2 percent […]
Tag: Economic Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending.