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Robots work on a 2021 Jeep Grand Cherokee L frame on the assembly line at the Stellantis Detroit Assembly Complex - Mack Plant in Detroit, Michigan, U.S., June 10, 2021. Picture taken June 10, 2021. REUTERS/Rebecca Cook/File Photo
Robots work on a 2021 Jeep Grand Cherokee L frame on the assembly line at the Stellantis Detroit Assembly Complex - Mack Plant in Detroit, Michigan, U.S., June 10, 2021. Picture taken June 10, 2021. REUTERS/Rebecca Cook/File Photo
A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo/
A Stellantis sign is seen outside its headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo/
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Stellantis offering new round of voluntary buyouts to US salaried workers

July 30th, 2024 | 16:39 PM BUSINESS Autos & Transportation 1

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By David Shepardson, Nora Eckert

Jeep-maker Stellantis (STLAM.MI) said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares is placing on its American operations.

The Netherlands-based automaker laid off 400 U.S. salaried workers in March and last year twice offered buyouts to groups of thousands of U.S. workers.

Stellantis' backlog of inventory and weakened margins in the U.S. market have been a point of concern for Tavares in recent conversations with analysts.

"As Stellantis continues to address inflationary pressures and, importantly, provide consumers with affordable vehicles at the highest quality, we remain focused on taking the necessary actions to reduce our costs to protect the long term sustainability of the company. One of those actions is offering a voluntary separation package to U.S. employees in certain functions," a Stellantis spokeswoman said Tuesday.

More detailed information will be provided to eligible employees in mid-August, she added.

Automotive News earlier reported that buyouts were offered to Stellantis employees.

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  • STELLANTIS
  • LAYOFFS/ (UPDATE 1, PIX)
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