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.

Stellantis, which owns brands like Chrysler, Dodge, Fiat, Jeep and Ram, says the job cuts are effective Jan. 5, 2025.

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About 1,100 workers will be laid off indefinitely in January from the Jeep Gladiator plant in Toledo, Ohio, Stellantis officials announced Wednesday.

The automaker, which owns the Jeep, Ram, Chrysler, Dodge and Fiat brands, announced the job cuts Wednesday, which will be effective Jan. 5. It framed the layoffs as part of the effort to reduce its ...

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