Tags: Faurecia | Fiat Chrysler | autos | job cuts

Fiat Chrysler Supplier Faurecia Closes Factories, Cuts 348 Workers

Fiat Chrysler Supplier Faurecia Closes Factories, Cuts 348 Workers

(Dreamstime)

By    |   Tuesday, 11 October 2016 03:00 PM

Faurecia North America Inc., the U.S. unit of the world’s eighth-biggest maker of automotive supplies, is cutting 348 jobs with the closure of two plants in the Detroit area.

The cutbacks are the result of Fiat Chrysler’s decision to stop making the Chrysler 200 and Dodge Dart, according to a spokesperson cited by MLive.

“In January, FCA CEO Sergio Marchionne said the automaker is shifting its production focus in North America toward trucks and SUVs and away from smaller cars, in line with consumer demand,” the newspaper said.

FCA's Dart assembly plant in Belvidere, Illinois, is being retooled to build the Jeep Cherokee, and FCA's assembly plant in Sterling Heights, where it assembled the Dart, is to be retooled for production of the body-on-frame 2018 Ram 1500, according to Automotive News.

Faurecia, based in Nanterre, France, ranks No. 8 on the Automotive News list of the top 100 global suppliers with worldwide sales to automakers of about $23 billion in 2015,” Crain’s Detroit Business reported.

“About 27 percent of the company's business takes place in North America, where in 2015 its revenue rose to $6.2 billion and it reported sales of $6.4 billion. It employs more than 20,000 people at 48 locations in the U.S., Canada and Mexico,” according to the newspaper.
 

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Faurecia North America Inc., the U.S. unit of the world's eighth-biggest maker of automotive supplies, is cutting 348 jobs with the closure of two plants in the Detroit area.
Faurecia, Fiat Chrysler, autos, job cuts
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2016-00-11
Tuesday, 11 October 2016 03:00 PM
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