Stellantis, a multinational automotive corporation, has announced the temporary shutdown of its Mirafiori plant in Turin, Italy. This is not the first time the plant has been paused, with previous stoppages occurring due to production issues and a decline in demand. The company cited a shortage of key components, including semiconductors, as the reason for the latest halt. The Mirafiori plant is a iconic facility, having been the site of Fiat’s headquarters since 1926.
The production pause is expected to last for several days, with the exact duration dependent on the resolution of the component shortage. During this time, employees will be placed on furlough or given time off. The plant’s management is working to mitigate the impact of the stoppage and is exploring alternative production arrangements to minimize delays.
The Mirafiori plant produces a range of vehicles, including the Alfa Romeo Giulia and Stellantis’ luxury brand, Maserati. The plant’s stoppage is a blow to the region’s economy and highlights the ongoing challenges facing the automotive industry, which is grappling with supply chain disruptions and declining demand due to the ongoing COVID-19 pandemic.
Source: https://www.msn.com/en-sg