Stellantis Announces New Voluntary Buyouts for U.S. Workers Amid Cost-Cutting Push
Tuesday, 30 July 2024, 16:39
Stellantis Launches Voluntary Buyout Program
On Tuesday, Stellantis, the parent company of Jeep, announced a new round of voluntary buyouts for its U.S. salaried employees. This initiative is part of CEO Carlos Tavares' strategy to implement effective cost-cutting measures.
Reasons Behind the Buyouts
- The company is facing a backlog of inventory.
- Weakened margins in the U.S. market are causing concern.
In recent discussions with analysts, Tavares highlighted these issues, indicating a need for streamlined operations to adapt to the current economic landscape.
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