Stellantis is planning to offer voluntary separation packages to certain salaried employees with at least 15 years of experience, according to an email sent from Mark Stewart, the company’s North American COO, The Wall Street Journal reports. A company spokeswoman said the buyouts will be offered to 31,000 hourly employees and 2,500 salaried workers in the U.S. and Canada. Reference Link
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on STLA:
- Stellantis (NYSE:STLA) on a Cost-Cutting Drive
- Weekly Report (April 14 – 20, 2023) on the First Tranche of Stellantis Share Buyback Program
- Stellantis finalizing eFuel testing on 28 engine families
- Stellantis Finalizing eFuel Testing on 28 Engine Families to Support Decarbonization of ICE Fleet on the Road
- Natalie Knight to Join Stellantis as Chief Financial Officer