Stellantis was offering a new round of voluntary buyouts to its US salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares was placing on its American operations.
Reuters noted the automaker laid off 400 US salaried workers in March and last year twice offered buyouts to groups of thousands of US workers.
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Its backlog of inventory and weakened margins in the US 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 US employees in certain functions,” a Stellantis spokeswoman told Reuters.
More detailed information would be provided to eligible employees in mid August, she added.
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