Stellantis offers buyouts to roughly half of U.S. salaried workers
Publishing timestamp: 2023-11-13 17:22:23
Summary
Stellantis, the parent company of Chrysler, is offering buyouts to approximately half of its U.S. white-collar employees in an effort to reduce costs and headcount. This is the second round of buyouts this year for Stellantis and comes after a tentative deal with the United Auto Workers union. The move is part of cost-cutting efforts in the U.S. auto industry as companies navigate economic concerns and invest in emerging technologies like electric vehicles.
Sentiment: NEUTRAL
Tickers: STLAM-IT, F, GM, STLA,
Keywords: business, labor economy, autos, transportation, business news, general motors co, mark stewart, ford motor co, united states, detroit, stellantis nv, breaking news: business, personnel,
Source: https://www.cnbc.com/2023/11/13/stellantis-buyouts-us-salaried-workers.html