Overview

• Stellantis is offering voluntary buyout packages to thousands of senior employees in the United States.
• The automaker says the move aims to cut costs as it invests billions in manufacturing electric vehicles.
• Most offers target workers with at least 15 years of experience, both salaried and hourly.
• At least 31,000 hourly and 2,500 salaried employees could leave their jobs under the buyout program.
• The buyouts come as automakers worldwide cut costs to make the shift to electric drive viable