Stellantis, the parent company of Chrysler, has announced that it is offering voluntary exit packages to 33,500 of its US employees, in an effort to streamline its operations. This includes 31,000 hourly workers and about 2,500 salaried workers. While Stellantis has not specified how many jobs it hopes to eliminate, it has made clear that the move is part of a plan to become more efficient. The company's Chief Operating Officer Mark Stewart said that the review of operations "has made it clear that we must become more efficient" in an email to employees, and he added that the company would need to continue identifying efficiencies to make its operations more competitive.
The voluntary separation packages are being offered to salaried US employees who have 15 or more years of service and work in certain organizations. Stellantis is also offering some employees in Canada voluntary buyouts. Meanwhile, a local unit of the United Auto Workers union said Stellantis wants to cut approximately 3,500 hourly U.S. jobs in the voluntary offer. The announcement comes after General Motors recently said about 5,000 salaried workers accepted buyouts to leave the automaker, while Ford Motor Co has recently announced significant job cuts in Spain, Germany, and other parts of Europe.
