Business · Companies · 3 hrs ago
Unifor believes Stellantis has finalized sale of Brampton plant to Roshel
Unifor believes Stellantis has finalized the sale of its idled assembly plant in Brampton, Ontario, to defence contractor Roshel.
The plant is near Toronto, and Unifor represents about 3,000 workers who were laid off almost three years ago.
Stellantis has not confirmed the deal is final, and Roshel declined to comment.
A source familiar with the matter said an announcement is expected early next week and that Stellantis would lease the plant back for production.
Stellantis had planned to build the Jeep Compass there but shifted production to Illinois, prompting a dispute over federal funding used to retool the Brampton facility.
The change could mean fewer local jobs and economic benefits than an auto assembly operation, according to a business professor.
The source said Stellantis would repay federal funding, but what it plans to do with the plant is unclear.
Unifor says it believes Stellantis has finalized the sale of its idled Brampton assembly plant to defence contractor Roshel.
The union said Stellantis would not confirm or deny the sale was final when they met on Friday.
A source familiar with the matter said an announcement was expected early next week and that Stellantis planned to lease the plant back for production.
The source said Stellantis would also repay federal money it received to retool the facility after it closed in 2023.
Unifor represents about 3,000 workers laid off from the plant.
- Who
- Stellantis, Roshel and Unifor are involved. Unifor represents about 3,000 laid-off plant workers.
- What
- Unifor believes Stellantis has finalized the sale of its idled assembly plant to Roshel. A source said Stellantis plans to lease it back for production.
- When
- Unifor met with Stellantis on Friday. An announcement was expected early the following week, according to a source.
- Where
- The assembly plant is in Brampton, Ontario, near Toronto.
- Why
- The source did not state the reason for the sale. A professor said it appeared to be part of Stellantis’s effort to address company-wide challenges.
This story does not have two clearly opposing sides.
The Brampton plant closed.
Stellantis shifted its plan to make the Jeep Compass at the Brampton plant to its Illinois plant.
Stellantis said it had a preliminary agreement to sell the plant to Roshel.
Stellantis repeated that it had a preliminary agreement to sell the plant to Roshel.
Unifor met with Stellantis, which would not confirm or deny that the sale was final.
A source familiar with the matter expected the sale to be announced.
- Plant location
- Brampton, Ontario
- Union representation
- About 3,000 laid-off workers
- Plant closure
- 2023
- Proposed buyer
- Roshel Inc., a Brampton-based defence contractor
- Planned arrangement
- Stellantis would sell the plant and lease it back for production
- Federal funding
- Stellantis would repay money received to retool the facility
What people are saying
Unifor is interpreting this refusal as confirmation that the Brampton Assembly Plant has been sold
nothing to announce
Stellantis globally has huge problems with poor profits, low vehicle sales and too much capacity.
There’s a significant number of people affected by this.