Stellantis Offers Buyouts to Salaried Employees

Stellantis has offered a voluntary employment termination package to certain salaried employees as part of a plan to optimize the automaker’s operations toward new technology and low-emissions vehicles.

Stellantis’ latest round of job cuts are aimed at making it easier to transition to zero-emission vehicle development.

“As part of our transformation to become a sustainable tech mobility company and 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 that otherwise would not be available to them,” the company said in a statement issued to TheDetroitBureau.com.  

The company declined to provide additional details. 

Echoes of 2021

This sort of action is not a first for Stellantis. In fact, the company made the same offer to salaried workers last November. The reason given is the same for both buyouts, “to assist in our transition, and to align our business priorities to a new set of critical skills and investment opportunities,” spokeswoman Shawn Morgan said last year. 

Last year’s package was offered to employees who were 55 or older and had 30 years of experience with the company or were 58 and up and had been there for more than 10 years, the company said at the time. 

Ford cut 3,000 salaried jobs in late August.

This type of voluntary separation offer typically targets some of a company’s more expensive employees, who can presumably be replaced with younger workers at lower salaries.  Unconfirmed results from last year’s buyout were that about 300 employees took the offer.  

Ford laid off salaried employees in August

Ford Motor Co. also eliminated about 3,000 salaried white-collar and contract positions in North America and India in August. 

The company reported at the time that the force reduction had to do with the conversion to electric vehicles. The affected employees were terminated from the Ford Blue unit that produces internal combustion engines as well as the Model e EV division and Ford Credit. 

In this round of layoffs, about 1,400 jobs were cut at Ford’s North American facilities. 

“The program is part of our underway and ongoing process to increase Ford’s global fitness and effectiveness, which includes reprioritizing products and services and staffing the company accordingly, so we’re more streamlined and successful,” the company said in a statement emailed to TheDetroitBureau.com in late August.

Auto Lovers Land