Stellantis, the Netherlands-based automaker, announced on Tuesday that it is initiating a new round of voluntary buyouts for its US salaried employees. This move is part of ongoing cost-cutting measures spearheaded by CEO Carlos Tavares.
The company previously laid off 400 US salaried workers in March and had offered buyouts to groups of thousands of US employees over the past year. The latest round of buyouts comes in response to concerns about Stellantis’ inventory backlog and weakened profit margins in the US market, which have been highlighted by Tavares in recent discussions with analysts.
