Stellantis Has Begun Offering Buyouts to 33,500 US Employees (1)

Stellantis NV is offering buyouts to 33,500 US hourly and salaried employees as it seeks to cut costs, citing a “competitive” market and rapid shift to electric vehicles.

The automaker, which owns the Chrysler, Jeep and Ram brands, is offering the buyouts to 31,000 US hourly employees and 2,500 salaried employees, spokeswoman Jodi Tinson confirmed.

The company intends to cut about 3,500 hourly production and skilled trade jobs as a result of the buyouts, according to a letter posted earlier this week by the UAW Local 1264, which represents a Stellantis stamping plant in Sterling Heights, Michigan.

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