Stellantis is offering buyouts to half of its salaried US staff in a cost cutting move. The European automaker, which builds cars for the US market under the Jeep, Ram, Dodge and Chrysler brands, said the offers would be made to all salaried staff with five years or more of seniority at the company. “As the U.S. automotive industry continues to face challenging market conditions, Stellantis is taking the necessary structural actions to protect our operations and the company,” said the company’s statement. Stellantis has yet to put any pure EV cars for sale in the US market and has more to do to catch up. General Motors and Ford, which also just reached tentative labor deals with the UAW, both announced cuts to their salaried staff, with both layoffs and buyouts, in the months before the strike.

Source: CNN November 14, 2023 19:48 UTC