DETROIT (Reuters) - Jeep-maker Stellantis ( STLA ) is offering a new round of buyouts for some of its factory workers as the automaker looks to cut costs following a difficult 2024.
The automaker on Friday confirmed that it is offering voluntary buyouts to some workers at facilities in Detroit, Ohio and Illinois.
"Stellantis ( STLA ) continues to review its operations to improve efficiency and protect its competitiveness in a very dynamic market," the company said in a statement.
The United Auto Workers union, which represents most Stellantis ( STLA ) factory workers, didn't immediately respond to a request for comment.
(Reporting by Nora Eckert and Kalea Hall in Detroit)