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Stellantis offering new round of voluntary buyouts to US salaried workers
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Stellantis offering new round of voluntary buyouts to US salaried workers
Jul 30, 2024 9:58 AM

DETROIT (Reuters) - Jeep-maker Stellantis ( STLA ) said on Tuesday it is offering a new round of voluntary buyouts to its U.S. salaried workers, the latest in a series of cost-cutting measures CEO Carlos Tavares is placing on its American operations.

The Netherlands-based automaker laid off 400 U.S. salaried workers in March and last year twice offered buyouts to groups of thousands of U.S. workers.

Stellantis' ( STLA ) backlog of inventory and weakened margins in the U.S. market have been a point of concern for Tavares in recent conversations with analysts.

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