Cost-cutting drive | Automotive firm offers to pay 6,000+ workers to quit their jobs

Stellantis, the company which owns Chrysler is offering 6,400 U.S. salaried employees voluntary buyouts, as it works to cut costs amid the transition to electric vehicles and agreeing to a new United Auto Workers contract.

Reuters reported that the buyouts would be about half the Stellantis’s salaried U.S. employees not represented by a union, which is currently 12,700. Another 2,500 Stellantis U.S. salaried workers are unionized and are not being offered the current buyout.

Salaried employees must have at least five years of experience to be offered a voluntary departure package. Employees agreeing to take the incentive would depart before the end of December.

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Stellantis said it was taking "necessary structural actions to protect our operations and the company" and cited preparations "for the transition to electric vehicles."