To cut costs and keep vehicle prices down, Stellantis makes buyout offers to US white-collar workers
Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company’s CEO said the auto industry is in the middle of a significant storm
DETROIT (AP) — Jeep and Ram maker Stellantis says it will offer buyout packages to many of its U.S. white-collar workers just five days after the company's CEO said the auto industry is in the middle of a significant storm.
The company told salaried workers that eligible employees will get individual offers in mid-August. The offers will be limited to certain job functions that Stellantis not identify. It also wouldn't say by how much it wants to cut the salaried workforce. The company has about 11,000 salaried workers in the U.S.
It wasn't clear whether similar offers would be made in other countries.
In a statement Tuesday, Stellantis said it faces inflationary pressures at the same time as it tries to make affordable vehicles for its customers. “We remain focused on taking the necessary actions to reduce our costs to protect the long-term sustainability of the company,” the statement said.
