Stellantis Announces New Round of Voluntary Buyouts for U.S. Salaried Workers

Stellantis is offering another round of voluntary buyouts to U.S. salaried workers in an ongoing effort to cut costs. This follows recent layoffs and previous buyouts. Concerns over inventory backlog and weakened margins in the U.S. market have been highlighted by CEO Carlos Tavares.


Devdiscourse News Desk | Updated: 30-07-2024 22:04 IST | Created: 30-07-2024 22:04 IST
Stellantis Announces New Round of Voluntary Buyouts for U.S. Salaried Workers
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Jeep-maker Stellantis announced on Tuesday a new round of voluntary buyouts for its U.S. salaried workers, marking the latest cost-cutting measure under CEO Carlos Tavares's leadership.

The Netherlands-based automaker previously laid off 400 U.S. salaried workers in March and has twice offered buyouts to thousands of American staffers in the past year.

CEO Carlos Tavares has expressed concerns over Stellantis' inventory backlog and weakened margins in the U.S. market during recent conversations with analysts.

(With inputs from agencies.)

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