Stellantis begins voluntary redundancy program…

STELLANTIS is set to continue its aggressive corporate cost-cutting program as it announces broad voluntary redundancy packages to salaried US employees across numerous departments.

Citing “challenging market conditions”, the group says that if the round of voluntary redundancy offers do not help it meet objectives it will consider involuntary job cuts.

A company email obtained by Automotive News states that employees from the vice president level down will be eligible for a voluntary redundancy package with no minimum service requirement imposed.

Stellantis employs approximately 11,000 salaried staff in the United States, but it is unclear how many are eligible for the offer or what the group’s ultimate goal will be regarding the headcount reduction.

“With our commitment to executing our Dare Forward 2030 strategy, we must continue to adapt by streamlining operations and finding efficiencies that will enhance our competitiveness to ensure future stability and growth,” the company said in an email.