Stellantis Aims to Trim Workforce
Reports say it’s offering buyouts to tens of thousands of US workers.
Stellantis brands include Jeep and Ram, along with Alfa Romeo.
IMAGE: Stellantis
Stellantis is offering buyouts to U.S. employees as it targets cutting about 3,500 hourly workers here, according to news reports.
The parent of Chrysler is offering buyouts to more than 33,000 mostly workers in the U.S., Reuters reported.
A company executive told employees in an email that it must streamline operations in order to compete, particularly on electric vehicles, and that the buyouts are being offered to employees with at least 15 years of service with the company, Reuters said.
Stellantis brands include Jeep and Ram, along with Alfa Romeo . The Amsterdam-based company was formed in 2021 when Fiat Chrysler and the French PSA Group merged.
Other brands are trimming their workforces in order to cut costs, including General Motors, which offered buyouts to most salaried employees in March toward a $2 billion cost-cutting goal.
DIG DEEPER: GM Offers Worker Buyouts
Originally posted on Auto Dealer Today
More Industry
Missed Maintenance Creates Opportunity
As families get back on the road and into daily school routines, service drives have an opportunity to capture customers who are behind on recommended vehicle maintenance.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Selling to Grow
The question of whether you should sell your agency and if so, when, is up to you. But it’s a question worth asking to ensure you keep the business on the right path for yourself, employees and clients.
Read More →
Recalled Vehicles Hit 5-Year High
Though the number of events has fallen so far this year, impacted units are up significantly. Meanwhile, regulators consider consumer notification changes.
Read More →
Auto Group Acquires Top-Performing Rooftop
Car Pros sold its Kia Huntington Beach location to Sutherlin Automotive Group, marking the buyer’s third location in Southern California.
Read More →
China as Pacesetter
Automotive leaders huddled on where North America stands in the global picture and how it can strengthen its position against the Asian juggernaut’s surging industry.
Read More →
BMW Concept Car Makes Fuel to Burn
The prototype developed in concert with a South Carolina university engineering team generates more solar energy than it uses in a typical daily commute.
Read More →
South Carolina Auto Group Downsizes
Florida-based group Holler-Classic has acquired four rooftops, its first in South Carolina, from Dick Smith Automotive Group.
Read More →
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Structure Leads to Optimized Auto Listings
As the average car-buying journey has shifted to a blend of digital and retail, a dealership’s vehicle listings must be optimized to answer shoppers’ questions clearly and accurately.
Read More →