Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.The company, which has been battling high inventory levels and lower earnings this year,

Jeep maker Stellantis said it is cutting 1,100 jobs at a U.S. factory as it seeks to reduce high inventory levels that have weighed on its performance.The carmaker will lower its production rate at a plant of its assembly complex in Toledo,

The layoffs are effective as early as Jan. 5, 2025. The automaker called it a “necessary action to reduce high inventory levels.”