Stellantis, the parent company of Jeep and Chrysler, is offering buyouts to some of its 13,000 U.S. salaried employees. The automaker is attempting to cut jobs and realign its workforce for electric vehicles and software services.
If you’re 55 or older, and have been with the company for 10 years or more, you’re eligible for the buyout offer. Or, if you’ve been with the company for 30 years or more, you’re also eligible for the offer. We’re letting all employees know about the offer today, and you have until December 5th to decide whether or not you want to take it.
How many domestic salaried employees are eligible for the program? Does the automaker have a target for how many workers it would like to take the packages?
“We’re excited to be transforming into a sustainable tech mobility company and becoming the market leader in low-emission vehicles. In October, we offered certain salaried U.S. employees the option to voluntarily separate from the company with a favorable package of benefits. This is just one of the many ways we’re working to make our company even better.”
The automaker is offering buyouts to eligible employees who are looking to retire. This is similar to the buyouts that were offered a year ago for the same reasons.
Detroit’s Stellantis automaker is seeking to cut employee headcounts this year, as the company spends billions of dollars on electric vehicles and emerging software services.
Jim Farley, the CEO, said in August that the automaker would be cutting a total of 3,000 salaried and contract jobs, mostly in North America, as part of restructuring efforts to lower costs.
General Motors, the country’s largest automaker, has not made any major cuts to its workforce in recent years and has no plans to do so in 2022, according to Chief Financial Officer Paul Jacobson.
Jacobson told reporters that GM’s decision to slow down hiring and only replace key departures or critical needs was made early in the year in order to maintain a healthy headcount growth rate.