The buyouts will be offered to 31,000 hourly employees and 2,500 salaried non-union U.S. employees, the automaker said Wednesday.
Stellantis said it will offer buyouts to 31,000 hourly employees and 2,500 salaried non-union U.S. employees.The buyouts are the latest cuts for the U.S. auto industry.Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023.is offering voluntary buyouts to more than 33,500 U.S. salaried and hourly employees, as the global automaker attempts to cut costs and headcount.
The buyouts will be offered to 31,000 hourly employees with at least one year of employment and 2,500 salaried non-union U.S. employees who have 15 or more years with the company, the automaker said Wednesday. "In response to today's increasingly competitive global market conditions and the necessary shift to electrification, Stellantis is thoroughly reviewing its North American operations to improve efficiency, reduce costs and protect the competitiveness of our products to allow for further strategic investments to support our transformation," the company said in a statement.
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