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Stellantis initiates new round of buyouts for some factory workers
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Stellantis initiates new round of buyouts for some factory workers
Mar 21, 2025 9:26 AM

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)

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