Stellantis fires hundreds of engineers
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- Опубликовано: 21 мар 2024
- The automaker confirmed with FOX 2 that it was firing hundreds of its engineers - many who learned during a virtual meeting after the company asked its white collar workers to work remotely on Friday.
No executive bonuses were harmed in this decision.
Executive bonuses were doubled. They just saved the company millions by firing all those people.
True that
Definitely got a bonus for saving all that money 😂
Isn't that a load of crap!
😂 unfortunately true
"The engineers aren't making us money, fire them and hire more MBA's to find out why nobody wants to buy a $90,000 jeep."
oh yes...because counting beans only is a net positive for a company.
That's what Boeing did
This is why I didn't buy their stock when it was super low. I also avoided Ford and New GM stock since they did not care about customers, and now it seems that they do not even care about their own engineers. Cap CEO and board pay! (The US portion, at least.)
@@chumpthetraitor7331 It's a Dodge Stratus, not a 747 lol. Nobody cares if you crash it, really.
Right!
They’ve had 50 years to learn from Toyota and Honda, 50 years
And Toyota and Honda are beginning to show signs of their own struggles. Fuel pump recalls, oil dilution issues, melting plastics, the list goes on. Toyota and Honda are also much more expensive than they used to be, and their sales figures are starting to show it!
Toyota will be gone in less than ten years. Their debt is 250 BILLION.
@@ohger1 Crazy. I had to google it.
@@unconventionalideas5683those issues are all caused by Toyota / Honda bringing in GDI direct injection to meet emissions now, along with really thin oils to conserve fuel. Funny enough, V6 Camry doesn't have those issues (no GDI).
But you're still clinging to the same idea from 50 years ago with no advancements in sight, evidently.
I'd like to see an experiment where a $9M/Yr salaried exec is replaced for 2 years by a $190K/Yr exec. I bet they perform just as well.
The homeless would outperform both and improve all the other slaves for coffee doughnuts and time in janitor closet when not working.
Bring me the 18.38 million and you can watch how it unfolds 😂🎉
More proof working hard for a company means nothing.
You can’t just work for any company too, you got to pick one that’s half decent
Your comment is proof that you’ve never worked hard a day in your life.
Companies do not owe you a job. You fill a need as long as they have that need.
Legacy had a good run. 100 years of profits.
The necessary ones didn't lose their jobs.. let THAT sink in and look in the mirror.
I understand that their $80,000 Jeeps and trucks aren't selling too well. I wonder why..
exactly
Imagine.
What ISN'T going to sell and will BANKRUPT the company is their idiocy of electric powered piles of junk that nobody wants or will buy. The companies smart enough to stay away from this idiocy will be the ones that survive.
They're trying to offset their EV losses by hammering ICE customers. All thanks to Joe Biden.
Please continue to give your money to Trump. He doesnt even know you exist.
I love how Stellantis said that "these reductions are not due to the ecomomy". Meaning they litterally just butcherd a bunch of Middle class jobs because they wanted higher profits for their shareholders. Im sure the executives are still getting their bonuses this year.
The CEO made $39 million last year. The average engineer makes about $85,000. IF the CEO was only paid $20 Million a year, all these people would still have a job. All these people would still be able to feed their famlies and provide them with a good life.
No engineers = no products = no future
Excutives are pillaging the company. Standard procedure.
The costs of the materials are too high and going higher, while they don't have fools to buy their impractical products.
Yes, for one year. How about after that?
Chrysler was junk before Stellantis bought it. Now it’s being controlled by crappy Fiat engineers. The company is doomed.
@@KevinSterns vulture capitalism
Why pay an American 85k a year, when you can get 4 engineers for that price out of India. It's not like,,,,gasp,,,American corporations are greedy AF and could care less about America. LOL
Their statement translation: "Our executives aren't making enough, so we're gonna cut your job so they keep their money" Is that about right?
Is that supposed to be a punch-back? Because I’m sure even you would do that too.
Unless you’re gonna want to go down with them?
@@bolbiitp7850 I would definitely do things very differently if I was in charge of a big corporation. I would definitely cut my salary before cutting anyone else. I'm not an a-hole, but that's just me.
Yep. Sounds right.
Sounds about right.🙄
The CEO made $39 million in 2023… start cutting costs there, that would quickly improve the bottom line
GM CEO made 24mill as well. Gross, isn't it?
If Stellantis loses a Billion does the UAW step up? Nope. Accept your wage or leave..Look at Flint Michigan or look at Gary Indiana- UNION did that! Ghost town of buildings..
@@7sunsetmaro7 I'll never buy a UAW made anything.
Could’ve saved about 400 or so jobs if he would just settle for a measly $2mil a year. Smh
@@eyeinsee Who would work for $5000 a year? FUZZY MATH.
We remain laser focused on building EVs that nobody wants to buy.
That will be the end of the company
HAHAHA. That is exactly correct. Get off the EV band wagon and they just might start to make money again.
About 1% of American taxpayers can even afford the damned things.
And flying their rainbow flag @2:50
....because they're shit compared to a Tesla
People are still talking like they're an American company.
😂😂 right
And employers have the nerve to wonder why employees aren't loyal.
Maybe they should learn to code?
If you have a price I wonder why
Volunteers are loyal your talking about slavery
All the executives got together and decided the problem was *not* with the executives, but with workers. 🙄
And the brains of the work force that would actually get them out of this mess if they listened to them at that! I knew those record union contracts were going to hit somewhere, and it wasn't going to be the company profit margin either. Another hit to the middle class!
Stellantis is headed down the path Boeing took … sacrificing the company’s future to make short term profits (and justify C suite bonuses). The bean counters made the numbers work by firing skilled expertise and replacing them with off shore minimum wagers
Yes, you don't want to the last guy shoveling coal on the Titanic.
Yes.
in the old days boeing was the top dog than greed step in.
Former engineer here. Was laid off. Turned in my M.S. for a CDL. Started my own company in December 2023. Will make more this year than I ever did as an engineer. To all my engineer brothers: let them outsource, watch them fail, laugh. Build your own company, control your own fate. The best way to climb the corporate ladder is to build your own ladder.
I quit engineering in 2020 & started dental school
Yes! Just like Rich dad poor dad says we should expand our personal skill sets.
Gaining a new skill set is what it’s all about!!
What does your new company do?
I'd be finding something else other than driving a truck. All of these illegals that are flooded in the country, they are getting fast tracked into the trucking industry I work in a large warehouse, I see it every day. These guys coming in speaking heavy accents driving trucks
Electrification isn't costing car makers a penny- it's costing you money.
Not costing me a dime. I'm not buying a rolling iPhone.
@@Dannysoutherner Your insurance has gone up though and your diesel tax is subsidising BIK payments and zero road tax EVs.
@@davelowe1977 You are right sir. My insurance is a little over 2000 a year split between 3 1980s cars. I don't own any diesel cars. Diesel is not practical for money saving like it once was. Used to be diesel and gas cost the same, now diesel is much costlier, negating any mileage advantage. The government does not want us driving at all, it is that simple, but they can't do something as onerous as taking up all the cars at once without losing the election in every state. They have to do it over time by forcing us to buy cars we cannot afford and don't want.
I have an EV. I had to pay road tax just like everyone else in my state. Insurance increase has nothing at all to do with EVs. It's not costing anyone ANY extra money. This is propaganda the morons on the Internet are pushing because they don't like EVs. Blame the oil companies for your issues.
An electric car has saved my family quite a lot. Bought it used, and have driven it for 4 years. Total maintenance required in that time was one set of wiper blades, one set of tires, and a start button (it failed, we replaced the part). $2 in electricity to fill the tank. I think we have saved about $5000 on gas, never mind all the oil and filter changes.
Remote firing..what a class act...what critical skills did they use
That's why there should never be any bailouts.
Thank you!!! I thought it was a free market?
Yup! Bailouts simply kicked the ball down the road. They do that so the responsible ones are out of the scene and forgotten when the S HTF. Although some like potus o, just can't help themselves and come back to live vicariously through another potus.
Agreed . No more Corporate welfare and bank bailouts . If they cant manage themselves let them fail and go belly up.
The car companies paid back the government for their bailouts so it was more like a loan. Without the bailouts, all the auto jobs will be gone forever.
The rich get socialism, everyone else gets capitalism.
“Work from home Friday, and be sure to attend the meeting where we fire you remotely.”
That’s cowardly and lame.
Boo hoo. Employees can quit remotely too. It has nothing to do with cowardice.
And they wonder why there are workplace shootings.
What?! Hahaha
@@todd.h.5880I agree. I don't see it as cowardly. Just pragmatic.
Its business. What do you expect? They don't care about feelings.
They remain laser focused on making EVs to compete with China. A game that has already been lost.
If only they could figure out how to make and market a 1972 Datsun pick up
Who can afford 80,000 90,000 100,000 dollar cars other than lawyers and other 1 percenters?
They had to gouge ICE vehicle buyers to subsidize EV suicide, which was mandated by Confederate Democrats and their WEF masters.
The majority of normal people THINK they can afford it, because they don't understand financing.
People that weren't lazy bums their entire life and actually did something to make money can afford it .
Easy to afford a $1000/month car payment when there's little to no housing costs.
Even if I can afford it.
The execs should go first, especially at Stellantis. Their lack of competitiveness is not because of engineers, but rather terrible pathetic business decisions.
no doubt: we aren't selling a lot of cars so let's raise the price so we don't have to sell as many.
They build JUNK. I would rather buy a Chinese or Iranian car before something churned out by the Big-3, same quality, fraction of the cost.
No, it is because of cheaper labor available including engineers now. It's a world economy. Many of the people who lost their jobs would have lost them soon to AI anyway.
idk.... the trunks on the challengers cant even stay lined up after the first year.
@jefff7287 your lack of understanding about this subject is very uneducated because it's funny you think the lack competitiveness is actually the fault of the CEOs which is small small part yes but the bigger reason is mainly the guy directly in the white house and his policies.
Eventually when there’s nowhere for these fired workers to go, people will start revolting.
When you lose 37 thousand dollars on every electric vehicle 😂😂😂
What a shocker, people can't buy $80K -$100K trucks. Go figure.
Sure they can. It’s called a 120 month car loan.
@@BlahBlah-em2edyeah. But then you only get to sell them a car every 10 years. So your volumes are in the toilet.
The cost of the vehicle would be a lot more affordable if interest rates weren’t 7-8%. These vehicles were selling when interest rates were affordable.
That's $100k plus another $100k for interest charges...............Paul
The products they sell are some of the worst engineered and constructed vehicles on the market, with reliability in the toilet with resale values to match. I have two friends with RAM trucks, and neither will ever buy another one with all the repairs.
Translation: You're all being fired for cheaper foreign workers.
Exactly - Tyson Foods is leading the way by replacing 52,000 American workers with fresh across the border illegals.
Thanks Shawn Fain
Like Tyson employees. Straight up. New colonizers are in town. Time to step aside.
Have to make room. LIke what Tyson Foods is doing
@@joeg5414 I said something similar. Didn't post. Freedom!
All those engineers need to get together and form their own company
900 days inventory of ram 2500 sitting on dealer lots. And still charging over 100k
"Where do you see yourself in 5 years?".
Being laid off on a Zoom call along with thousands of my coworkers.
hundreds
You think 5 yesrs
Specially if you push for doing remote work. Remote work can be done anywhere
💯 . Here is another. Employers expect workers 2 weeks notice, yet they don't even give 1 hr after firing a worker
Hahahahaha. Droll
I guess there aren't many idiots willing to pay $60k - $120k for a Jeep product.
Jeeps that are just as delicate and prone to problems as the Alfa engines they use.
Keep decided it was a luxury brand during Covid because consumers were so rich and dumb they would believe it. That didn’t last long.
Jeeps are worth like $25k tops, a disposable vehicle that will fall apart under a year plagued by gremlins & shoddy workmanship let by unions
That's how inflation works and when they increase prices 10% in 90,000 vehicle will become 99,000. These 10% increases just keep happening. Within 20 years a new Jeep will be $200,000
I am still driving a 20 year old Ford Minivan.
IIRC, Jacques Nasser from Ford did something similar in the 90's when he fired his engineers and then expected to bring them back as "Rent-a-Pencils". He got fired himself.
Governments must stop bailing out businesses.
The people need to quit being slaves
The consumer in Control not bad business' or greedy governments
Government bailouts never should have happened. Let these companies fail if they’re so poorly mismanaged
I heard the US govt get profit on the shares + tax revenue? With EVs coming that's going to be a much riskier bet this time. Also didn't they take out Chekov?
EV’s and their failure have been a major factor in killing the American auto industry, by design.
@@soonerfrac4611
Japanese... Koreans....
Not before selling it to a foreign entity to avoid conflict. It's in the contract with China. U.S. is obligated to keep their major manufacturers up and running until China is ready to become the world power. America is running on fumes which is why all of these pseudo wars are taking place. America only makes profits from taxes and weapons mafactuering. Weapons are our major export. With out war U.S. will go bankrupt.
When chinese government bailout\support Chinese companies, we call them CPP owned company, but when we do it, it is fine
That’s a really scummy way to handle that firing people in a virtual meeting is cowardly.
The bosses didn't want to get jabbed in the neck with a set of keys.
Some exec saw "Up In The Air" and thought that it was a documentary...
@@caronstout354 Right. A "how to" training course.
@@caronstout354 That's the Harvard graduate's idea, firing people virtually, saving a lot of money and hassles.
What's the better way? Have someone drive in to work just to be sat down in an office, be told they're fired, and get walked out by security? This is a lot more reasonable.
How about cutting the CEO's pay by 95%?
EXACTLY, THE PROBLEM IS BOARD MEMBERS ARE HIS/HER FRIEND
If you can do your job from home in your underwear clicking on a computer, so can someone in India.
clearly not - have you been to India?
@@bigbarry8343 Have you worked at home in your underwear?
Firing engineers to give bigger pay check for the MBAs is a great strategy... Look, it worked great for Boeing.
And another one bites the dust...
Pretty sure the unions took it all
They didn't fire the engineers and hire MBAs. Outsourced those jobs to India, Mexico, and Brazil.
@@DKK Doubt it. Executive bonus's will rise.
The only employees Boeing wouldn't fire are their hitmen who are needed to get rid of whistleblowers.
They overplayed their $130,000 Grand Wagoneer and $80,000 Wranglers.
300k Demons 💀
That's because they decided that their vehicles are now supposed to be on the level of BMWs and Land Rover, unfortunately for them the public still sees the Chrysler brand and the dirty little secret is it still is the Chrysler brand with the Mopar warts. It'd be like McDonald's deciding that their burgers are now on the level of Morton's and so they can start charging $60 a burger while not changing anything.
we used to think that Jeeps and Trucks are for utility and work that meant to get dirty and dinks and cost may be just a spank more than most average family sedan. Now they are luxury item in hunk of metal running around the city streets and taking up spaces not to mentioned wasting gasoline polluting environment.
@@jorgej5916 Jeeps haven't been work vehicles since the Vietnam War and for the USPS. For civilians, they have always been recreational vehicles.
They all overplayed don't you think??
Naturally, the top 100 SUITS making $1M+ a year won't get a pay cut.
Nope. They just earned bonuses equivalent to the total salary of the people they just fired. They're toasting with champagne.
Happened to my family too. My brother lost his 25 year job, being laid off by a manager who just immigrated. Mass layoff of 5k nationally (fortune 50 company).
"Go home and get on zoom so we can fire you while you're muted."
Low-down Dirty tactics by Corporate Pirates as usual.
They always do this remotely now. Shameful.
Can you honestly say its not deserved ?
Learn to code!
@@plebeian_egalitarian Would you rather get up in AM drive for an hour in traffic , only to be sit down and told that you engineered a piece of junk that no one wants to buy , asked to repay hiring bonus and escorted out of the premises ?
I was going to apply for a job at Stellantis. When I looked at their website, it was so full of generic corporate buzz words, you couldn’t even tell that they made cars. I decided that I didn’t want to work at a company that so utterly lacked direction and vision. Turns out that was a good choice.
No better, at any of the rest. I just retired from GM, felt like I dodged a bullet, people are people no matter where you work !
So you won’t working anytime soon then cause it that way everywhere
@@jmax313 ...and assholes will be assholes, whether at $400,000.00 or $50,000.00, and the common denominator is almost always GREED!
yep
they have directions, just not about Fundamental Manufacturing rather about playing with numbers.
I can only imagine that these workers consider this a “bloodbath “.
TDS alert
@@nonamewillbegiven2412 I think you misunderstood my comment…. My point was that trump’s assessment of our automotive industry was 100% correct
@@camillecaballero9246 so I didn't and Trump is never right about anything
@@nonamewillbegiven2412 tell it to your mom
@@camillecaballero9246 lammmme
Buying a new Dodge Charger was the worst financial decision I ever made. I had so many problems with Stellantis/FIAT and their dealerships treated me horribly. I've never hated a company more than I do them. I had to sell it at a huge loss because I was wasting so much precious time in my life arguing with them and going to their service departments.
I bought a 2012 Jeep Wrangler in 2018, only had 55k miles. It has 109k now and has cost me more than the previous three Chevys I owned. My brother had a 2011 Ram that the engine blew up on the highway. I'm with you.
I understand they are discontinuing the Charger and Challenger.
@@hopefultraveler3543 I believe so. Everything is either trucks or SUVs now. Chevy discontinued the Camaro, I'm not sure about the Ford Mustang. Good old passenger sedans are gone, foreign makers are still cranking out sports cars. I'm in the old school camp regarding the Corvette, I wouldn't own the new design.
That's crazy I bought a 500$ truck and cost me 140$ for 30k miles of maintenance and didn't buy insurance or have a license sadly tho she's finally in the impound I thought I was bad on drugs and make bad decisions but what are you people doing with your lives . Get it together and quit being a slave for somebody that wants you to fail. If you don't have a family just know I care and love you but only you can take care of yourself
Show me the Corvette that'll run and drive and be that reliable for that 500 you want a 98 ram v6 with roll up windows 200k miles at least ticks has exhaust leak belts are showing but I had a brand new 20 years old tire I found in Detroit it had a wood stove in the back slept inside it many of nights on Detroit Eastside
He forgot high prices and low quality.
Bingo 🎯
Fired with zero notice by a company they were loyal to in order to preserve the CEO's bonus money. This is exactly why you should NEVER be loyal to ANY company.
I disagree. I'm a 71 year old guy who retired from a non union job after 32 years with the same company. They paid us well and I had excellent job security. I had 2 pension plans. They were loyal to me, and I was loyal to them. A fair deal for all.
Right! And don't vote demon-rat!
@@thaboomer53the world has changed alot since your Era of working
@@thaboomer53That life is long gone, sir. Sorry to break it to you. 🤷🏿♂️
USA business don’t know the meaning of loyalty as Japan does!
I saw this coming when the union received its new contract.
I spent nearly 20 years with that company, started when it was still Chrysler. I left on my own accord about 10 years ago. The greatest lesson I learned, buy/drive Toyota or Mazda.
Stellantis is not an American Company. They are headquartered in Amsterdam.
True its not, but now they own some of the "American" Car companies, which are Chrysler, Dodge, Ram, and Jeep. Those companies, before, were own by one parent company of Chrysler. When Chrysler company was not doing to well, Stellantis bought them. That its why some dodge and jeep models resembles Alfa Romeo.
What does that have to do with anything? Do American companies care more about their employees?
@@PAIDFOR50no but they pay taxes 😂which is the whole reason we let them exist here
What's that got to do with anything?? Handing over jobs to foreign countries is absolutely wrong
They wouldn’t get away with that sort of action in Europe.
It’s a recession when your neighbor loses his job; it’s a depression when you lose your own.”
― Harry S. Truman
Recovery will begin when Biden loses his job.
Lol
Interesting quote
@@juliecramer8459It was true 90 years ago. It took a war to get us out of that depression. If the market tumbles, we could see worse. Many people grew their own food in those days. The government is trying to prevent backyard gardens now.
And Its a psyop when the mass media wont acknowledge either
“Build back better “ is progressing according to plan
New college grads should just go to the Air Force as officers. Don't have to worry about job security.
but then you have to take orders from "woke" generals.
I'm not even sure that is a secure job anymore...
um nobody wants to get into those risky ass jobs and pure shit pay. NO thank you.
@@romaniangod5649 How is the Air Force "risky"?
You just don't "go to the Air Force as officers"...more than half won't make it.
Judging by Chrysler's current offerings, they haven't used the engineers in years.
Lmao
I'm sure they're using the same transmission engineer since at least my 1999 2500 4X4.
Exactly , jeep is one of the most unreliable brand out there
@@tonyisit37didn’t used to be when it was AMC. The old inljne 6’s mated to an ax15 is pretty much bulletproof.
Men come on. I can’t stop laughing .its so true.
Not surprised that these companies would rather fire hundreds of people that actually do work than to reduce executive bonuses
Let it all implode. It was a flawed system to begin with.
Engineers are valuable while a company is getting started. Once the company is up and running, you almost just need a handful of engineers. After launch, engineers become NON value added employees. Sorry.
executive BONUS' is IT ...
My 2nd level manager cut all our overtime and spending budget on material and parts so he can get a bigger quarterly bonus.
Leaving us the techs to "rig" all repairs in the field as cheap as possible.
@@mattmatt4618 you’re right, someone needs to be there to boost their market price with stock buy backs as the company rots.
Thanks a lot Biden
“Our vehicles are too reliable and well designed - fire the engineers” - Stellantis
LOL, 'Laser focused on our EV product's'! Stellantis is KILLING IT! 🤣🤣🤣
they came to the hard decision that the board of directors all wanted a raise
Don't forget the share holders and the future bonuses
How do you know? Don’t cast judgement when you don’t know anything.
They wanted that 3rd yacht!
@@bobbleheadbob take a look at the history of their compensation...
@@AmericanTraitors-GOP certified commie comment - +0.5 social credits awarded, your next scheduled bathroom break is in eleven hours, fifty three minutes.
That's a coward way of firing people
I dunno, I wouldn't want to be fired then go into traffic. Maybe it was better that way.
Think it was done for security purposes imo. That many disgruntled employees may be too much to handle.
They were probably afraid they'd get the snot beaten out of them if they tried to do it face to face. Something tells me Stellantis is headed for a fall.
Worlds full of cowards 😂😂😂😂🎉
Saves walking them out with security.
That’s why anyone who works for a check needs to have an emergency fund and a plan B and C
They are the next British Leyland mark my words. Also they better fire the engineers who made that stupid electric “muscle car”
The CEOs need to fire hundreds of employees in order to keep their bonuses intact.
...and pay an outrageous union contract.
Yeah really. They don't care about all their employees that kept the company afloat in the first place. Only thing they wanna keep afloat is the new yachts they're gonna buy with all the extra money they have now.
@@captainamerica6525thats b.s. you try working in a factory that has no aircondtion when its 100 degress outside and inside all they have are big fans that blow hot air around..also having to raise your hand to use the bathroom and have to work manadtory 6 day work weeks with only two weekend off a month..manufacture workers work hard in conditions also that have chemical smells pentrating their clothes..you obviously have no idea the conditions that many workers in the auto car manufacturers factories work in..so stop saying mean hateful things..
@@nattyw495amen
the CEO supports Joe Biden!
You will own nothing and be happy says the WEF
And you vill EAT ZEE BUGS !!!!!!!!
Livvv in zee pahd.
And you sure won't be driving........ANYTHING! If they have their way!
And you sure won't be driving ANYTHING if they have their way!
@@JaneJones-lg3bd That's the specific reason we already have all of our excessive/totally unnecessary Chinese style bike lanes (and right-aways) on most of our California city streets, including even many of our toll bridges. And all of this with our dumb bicyclists having to pay absolutely nothing toward the total cost of physically painting/marking and maintaining all of our roads of which THEY now own (and we must now share with them) 1/4 of the roadway lane & in each direction. Therefore, we can now thank our non-elected Klaus Schwab, his WEF and all of THEIR Satanic minions for bringing to us THEIR soon to be wonderful NWO.
How many workers here on visas were cut first? They want to push prices up on cars but drop people’s pay.
This is the consequence of bailing out these companies.
The engineers should start a company that makes affordable cars and are easy to maintain.
So a Lada... But wait, I thought the US hated russia
it will be affordable without union pay and demands. that is why they are hiring overseas staff
And reliable.
@@mihnealazar7039 he said affordable, not garbage.
@eugeniof8470 news flash, those overseas companies have higher unionization than the US. In those other countries, healthcare is provided by the government and is not a financial burden to the companies. Therefore, they are more business friendly than the US. When will Americans wake up to this.
Why would I pay $75,000 for a truck to take me to the grocery store...insane?
Because you are an idiot… i guess?
Because I can, my money,my business!
@@timr9358you mean the bank's money 😅 come on be honest 😂
Very true, this is the other half of the problem.@@TactileCoder
@@timr9358you the problem with these outrageous prices on over engineered pos vehicles
The UAW contract has had the unintended consequence of encouraging companies to substitute capital for labor.
"So thats it? After 25 years? Good luck?"
"I don't recall saying "good luck""
"We, the management of Stellantis, recognize that we have made significant missteps. among them the Fiatification of Jeep, and the Jeepification of Fiat. Our response is to demonstrate our economic prudence by firing the workers who loyalty made the shitboxes we dreamed up. In response we have awarded ourselves huge bonuses."
Oh, not bonuses... They are retention incentives for "mission critical staff." Remember?
Or was that PG&E when they filed for bankruptcy after killing hundreds of people and burning a good chunk of Northern California. It's so hard to keep track these days.
Ah yes, the Boeing management approach
that is 100% accurate!
Whatever you do, quit your job and become analyst. 👏
Are you ceo?
Meanwhile, my 1993 Toyota Pickup still runs like new.
93 Ford f250 here. Gas mileage ain't good but it will pull anything you can hitch to it.
My 2002 Toyota Tundra has 328,000 miles and runs perfectly.
We sold our 1999 Nissan pathfinder with 350K miles couple of yrs ago, was still running like a champ
And you can repair them without computers!
Meteor proof!
I admit to being emotionally attached to Chrysler (now Stellantis) but they will go under and I will not miss them. The management is beyond stupid.
Engineers aren't unionized, so the guy that runs in lug nuts making $100K a year plus full benefits is safe, but salary guys are gone. Short term this works, long term the product fails.
Stellantis is entering their Boeingification phase of transitioning from a solid engineering foundation to an Accounting-lead death spiral.
They're a social engineering company with all of the rest. Take note of the rainbow flag.
wall street banker led company, not an accounting lead company.
@johnfranchina84
They've gotten worse but let's be honest here stellantis never really had a "solid engineering foundation".
They were never good at engineering. Chrysler has been dogshit since the new Millennium
@@worldofdoom995 Chrysler quit building cars along time ago, now they just put there name on others cars and look it's the new chrysler. I got 3 and not a one is built by chrysler.
Loyalty to a company is a one way street. No reason to be loyal to an employer who'll kick you to the curb for any or no reason.
100%
You're just a #. !!!
same goes to dating women... and to all other propaganda
In these times I would agree, especially with large companies. Give your employer your best efforts for your salary, but don't feel obliged to stay if a better job comes along.
@@hopefletcher7420 Give your employer what they pay for. If I get good pay, I put in best effort. If I get minimum wage, I put in minimum effort.
I like Chrysler, Plymouth, Jeep, Dodge, etc but I'm really wondering what shift they're trying to focus on.
Considering the quality of the products, I presumed they'd already done this years ago.
And Stellantis CEO made $36 million in 2023. A 56% increase in personal pay compared to 2022. Every Engineer just fired had their yearly salary transferred directly to Carlos Tavares, CEO of Stellantis.
The winner takes it all,.....meanwhile A.I. does the job for free,...money for nothing and the chicks for free.
@@anglosaxon244AI can't even show a picture of a white person. I doubt it can actually do anything correct at the moment.
This country (USA) is finished, finished I tell you. - comedian George Carlin
The double standard for the “2 week notice”.
GREAT POINT !!!!!!!!
I've always said that exactly.
Hell, I work in Healthcare, we are forced to give a 30 day notice. If we fail to do so, they pay out the last check in minimum wage !
They usually have you sign something to strengthen the nondisclosure and give up your rights or you don’t get your lousy severance.
@@johnberry2877 How in the hell is that legal?
And that’s why you never get comfortable with these jobs.
More proof they working hard for a union means nada. Union; got you a raise! Stellantis : your fired were moving!
The engineers arent Union .
Just increase the price of a Ram to 250K, that will sell 'em.
I suppose the Arabic community will accommodate them. They got the money!
They are not far from price already!
No one with mega bucks wants to be seen in this firms products, yet they price their vehicles like they're targeting the rich! Absolutely stupid.
Trucks cost almost what I paid for my first house, and not the top trim level either.
People are tired of paying too much for cars, trucks, and SUVs.
Blame Liedenomics. 30% inflation in 3 years.
Cheap outsourced state of the crap engineers will fix all Stellantis problems, they will show Americas and the world how to build good cars, of course these cheap engineers have cero track records of building anything worth mentioning, just like the managers who hired them.
The SHEEPLE will be glad to pay even more, once the Interest Rates come down, and the Equity in their Home goes up again.
Borrowing to Infinity and Beyond.
You Reap what you Sow.
The Whirlwind will be Catastrophic.
We have to accepted the reality.West is in great decline.China and East is in ascendency.
Stellantis engineers are mostly from first world countries. It's just difficult to fire people in France and Italy.
The real inflation number is over 50% which is why Stellantis increased prices near 50%. After a bought of inflation like this, it will take a decade or more for prices to stabilize and wages to be in parity.
It's all about survival these days
Can't sell new cars to people who don't have jobs.....
At 38 years at a company. Never think your jobs secure
I was at mine for 28.5...but I saw it coming 3 years before I got laid off....so I was prepared. I had been there for so long, I KNEW exactly how the place worked. People couldn't believe I predicted it a year before it happened (the entire plant shutdown). No skin off my back....house was paid off YEARS AND YEARS ago. Kid's college was all paid off too. No car debt either.....
Do not forget A1 computer people !!
Amen brothers and sisters.you are all in my thoughts and prayers.
no one is safe anymore, just a cut throat world now. seen alot of paper mills close down, no warning, 75 year old ppl working bagging at food markets to make ends meet, lost everything owed for retirement from mills and its legal, sad
@@user-tl7mj2bm4mglad you were prepared and it worked out for u and ur family
They dropped the Chrysler name, but still have the pentastar on their building. Like a grave marker now.
Daimler tried to get rid of it when they bought Chrysler, but it was too cost prohibitive to remove.
Still 💩
Don't worry the American voter will still vote to give them corporate bailouts.
It hasn't been Chrysler for a long time
And they display the gay flag. That tells us everything we need to know. Workers took it in the r**r
Stellantis isn't the only company that is getting rid of engineers, there are lots of them. They don't need as many engineers as they did in the past. There are too many engineers already.
Mechanics everywhere are disappointed they weren’t there to see it 😂
I was just telling my wife last week that this was going to happen. Stallantis does not like America and will completely shut down Chrysler within 5 to 7 years.
Well, Chrysler now only sells one model. And Dodge 2. So it might not take even 5 years...
And when/ if it does, don't think of ANY bailout crap. Taxpayers have done it twice, now it's on you!
US Tax dollars to bail out a French company? Yeah, probably not. @@user-mr3ct1dm9p
I disagree. Ram and Jeep are/were the richest and most profitable brands in the Stellantis brand lineup. The Chrysler and Dodge brands are a different story and could easily disappear. No, the problem here is that Stellantis faces an uphill battle in integrating a bunch of brands that came from different places and they are simply not handling it well. They were apparently very profitable until recently but that came from starving the brands of development money and raising MSRP's to unsustainable levels.
Since the UAW strike a little over 18,000 UAW members have lost their jobs and more will come. Shawn Fain may have won the battle but he's losing the war.
Fire the CEO's. They cost way more than the engineers.
You can’t find the CEO that sounds too much like right it sounds like it makes perfect sense even knowing the CEO is not doing any of the work
You do know that's not true right......this many employees cost way more than the ceo
If they were to fire the CEO and split their salary amongst all the employees they get 1.50 ea. 😂
@onekingzoro8813 you get your news from a cheerio box?
@odeball22 I can just do basic math unlike people like you
So how many workers left in Stellantis now?
Way to go Fain, this is on your head!
Remember this when your job is like "we are family".
Don’t forget the pizza parties!!! 😂😢
You ain’t never lied!
i watched enron go down and learned a lifelong lesson. never give your loyalty away to an employer. they want that? they can pay for it. and never trust your employer. EVER.
You’re smart, I try to tell every young kid “no corporation is gonna do you any favors out of the goodness of their hearts.” If they could pay us in company money and have to spend it at the company store, they would.
Loyalty to a company is a typically American thing, the rest of the world works for a living and has no loyalty to the company they work for, and Americans still think that work is the most important thing in life.
You can't put loyalty in the bank.
@@Polack-ml9fhand make your kids work for them.
Except for the Japanese.@@patricec.2957
So, if they didn’t get on the call they wouldn’t have been fired?
Really? I don't recall any coverage like this when Change Healthcare did this to almost ALL of their workers. They outsourced almost everything. All of everyone's personal info. I guess it doesn't matter unless it's automotive.
"Don't come in tomorrow. I want you to work from home, so I can fire you remotely. Did I mention you should have cleared out your desks?"
It's really sinister if you think about it. They get to watch their own living room turn into a prison cell in a instant. Automotive engineers are not going to find a friendly job market and they already know it or they would have left ChryFiat long ago. But there haven't been many alternatives and most of the EV work is in penny stock territory, so it's been hard for a loyal Stellantite to justify the risk of jumping ship. Now they're hitting the recruiters all at once, turning it into a numbers game.
As needlessly-complex vehicles all the way to farm equipment have become, it's difficult to feel sorry for any automotive engineer. What a weird marching order to live with; make a self-destructing vehicle that only a greedy dealer can fix. What could go wrong?
no opportunity to go 'postal' or have to deal with anyone's emotional break down that's probably the main reason they did it that way, still shitty in any case.
A lot of hybrid and work-from-home engineers don't have desks. If you DO have to come in, you get a cube assigned by GM after they hand you a box of antiseptic wipes.
He failed to mention the ridiculous costs of stock buy backs and executive pay/bonuses.
how much were the bonuses? were you in upper management? when did you find out about the layoffs at your company?
gotta protect those precious investors.
Executive pay is actually not excessive for the size of the business. Their proxy is available here if you want to see how much executive officers of the company were compensated:
www.sec.gov/Archives/edgar/data/1605484/000160548423000020/stellantis-20221231.htm#i8e81d16f4a444df7ab0ef2d816264de0_316
@terra_world The CEO enjoyed a 56% boost in total compensation in 2023, including a nearly 11 million dollar bonus. They announced a stock buyback of $3.2 billion in Febuary this year.
@@sharonhines3476 Stock buybacks should be outlawed.
Does this mean my Durango will have a recall for that Uconnect inconsistency?
I’m excited to find out.
Dude, get your memory back! You did not get “fired”. Companies can terminate employees without cause. It doesn’t make you a bad person.