Automotive giant Stellantis is willing to let go of 6,400 white-collar workers in the USA. The move came in the wake of a huge battle with the UAW.
Fighting the UAW ended up costing Stellantis, along with GM, Ford, Honda, Toyota, and others more than they expected.
CEO Carlos Tavares says that the company is offering these buy-outs because it needs to save cash due to the expensive nature of EVs. Those selected for the potential buy-outs have at least five years of work with Stellantis. The automaker didn’t say how much it was hoping to save overall or how many employees it hoped would take the buyout.
More: President Biden Supports UAW’s Goal Of Unionizing More Car Factories In The U.S.
“As we prepare for the transition to electric vehicles, Stellantis announced today that it will offer a voluntary separation package to assist those non-represented employees who would like to separate or retire from the company to pursue other interests with a favorable package of benefits,” reports Automotive News. “As we head into 2024, we remain committed to executing our Dare Forward 2030 strategy, which includes the launch of eight new electric vehicles.”
This move comes as only the latest in a series that appears to indicate the automaker’s intention to cut costs drastically. In recent months they put up a production facility for sale. They bowed out of the SEMA show, CES, and most recently the Los Angeles Auto Show. These are big moves that could indicate that more is happening under the surface at Stellantis. For their part, neither GM nor Ford have made similar moves in the same time frame.
