Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs
Publishing timestamp: 2024-07-30 17:33:35
Summary
Automaker Stellantis plans to reduce U.S. employee headcount through voluntary buyouts to cut costs and boost profits. The company may resort to involuntary terminations if not enough employees participate. Stellantis CEO Carlos Tavares has been on a cost-cutting mission since the merger between Fiat Chrysler and PSA Groupe. Other automakers like GM and Ford Motor have also implemented similar measures to lower costs and increase profits.
Sentiment: NEGATIVE
Tickers: STLA, F?QSEARCHTERM=F, GM?QSEARCHTERM=GM,
Keywords: personnel, stellantis nv, business news, business, transportation, carlos tavares, layoffs, autos, breaking news: business, labor economy,
Source: https://www.cnbc.com/2024/07/30/stellantis-buyouts-us-salaried-workers.html