Stellantis announced plans to cut a manufacturing shift and lay off around 1,100 workers at an Ohio plant producing the Jeep Gladiator pickup.

Stellantis NV, the owner of the Jeep and Ram brands, said it would lay off about 1,100 workers at its Jeep plant in Toledo, Ohio, the latest in a series job cuts as the automaker contends with bloated inventory and declining sales.

The move from two to one shifts does not come as a surprise, with the pickup's sales slowing this year and the automaker trying to slash inventories.

(NYSE: STLA) announced Wednesday the layoff of approximately 1,100 workers at its Toledo, Ohio facility that produces the Jeep Gladiator. The decision, effective January 5, will reduce

Stellantis said on Wednesday it is laying off about 1,100 employees at a Jeep Gladiator plant in Toledo, Ohio, as it works to improve efficiency and reduce inventory across its North American operations.

Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio.