Stellantis Offers Buyouts to U.S. Salaried Workers Amid Cost-Cutting Efforts

Facing inflation and disappointing profits, the automaker aims to streamline operations and maintain vehicle affordability.

Eligible employees will receive individualized buyout offers in mid-August.
Severance packages include cash lump sums for healthcare and job placement services.
The company has not disclosed the targeted reduction in workforce size.
Stellantis previously reduced its headcount by 15.5% between 2019 and 2023.
CEO Carlos Tavares emphasizes the need for cost efficiency to ensure future growth.