DETROIT (AP) — Jeep and Chrysler parent company Stellantis is offering acquisitions to some of its 13,000 U. S. employees. The automaker tries to eliminate jobs and shift its business toward electric cars and software services.
To be eligible, workers must be at least five years old and have been with the company for 10 years or have 30 years of seniority and obtain pension benefits. Employees were informed of the takeover on Friday. They have until December five to make a decision.
A spokeswoman for Stellantis declined to say how many domestics are eligible for the program, or whether the automaker has a target for the amount it would like to accept.
“As part of our transformation to become a sustainable generation mobility company and leader in the low-emission vehicle market, in October we presented some U. S. workers with the opportunity to voluntarily disengage from the company with a set of favorable benefits that would not otherwise be available to them,” he said in an emailed statement.
The automaker, which was formed through the merger of Fiat Chrysler and France-based Groupe PSA in January 2021, introduced similar buybacks to eligible workers a year ago. It cited similar reasons for those takeover offers.
Stellantis is at least the time when the Detroit automaker must downsize this year, as corporations spend billions of dollars on electric cars and emerging software services.
Ford Motor Co said in August it would cut a total of 3,000 payroll and contract jobs, most commonly in North America, as the automaker tried to cut prices as part of CEO Jim Farley’s restructuring efforts.
The country’s largest automaker, General Motors, has made such cuts in recent years, but in 2022. GM Chief Financial Officer Paul Jacobson said Tuesday that the company “has no primary reduction plans. “
“We announced very early in the year that we were reducing hiring and replacing only key departures or critical needs,” Jacobson told reporters in GM’s third-quarter earnings review. reduce the club’s rate of expansion and make sure we position ourselves proactively. “
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