Automaker Stellantis plans to once again reduce its U.S. employee headcount through a broad voluntary buyout, as the company attempts to reduce costs and boost profits.
In an email to employees Tuesday morning, the company said it would offer a voluntary separation program to nonunion U.S. employees at the vice president level “and below in certain functions.”
The company, which reported disappointing first-half results last week, said that if not enough employees participate in the buyout, involuntary terminations could follow. The message said eligible employees will be sent an email in mid-August with instructions on how to access their individualized offers.
Read Article