Carlos Tavares, CEO of Stellantis, poses during a presentation at the New York International Auto Show in Manhattan, New York, on April 5, 2023.
David Dee Delgado | Reuters
DETROIT — Chrysler parent Stellantis is offering buyouts to roughly half of its U.S. white-collar employees to reduce headcount and cut costs for the automaker’s North American operations.
The voluntary separation packages will be offered to 6,400 of its 12,700 nonbargaining unit U.S. employees with five or more years of employment, the company said Monday.
The move marks the latest cost-cutting efforts for the U.S. auto industry, as companies attempt to reduce costs amid economic concerns and billions of dollars in new investments for emerging technologies such as electric vehicles. Both General Motors and Ford Motor also have cut salaried workers over the past year.
“As the U.S. automotive industry continues to face challenging market conditions, Stellantis is taking the necessary structural actions to protect…
2023-11-13 17:22:23
Post from www.cnbc.com
