Transportation

Stellantis Has Begun Offering Buyouts to 33,500 US Employees

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Stellantis NV is offering buyouts to 33,500 US hourly and salaried employees as it seeks to cut costs, citing a “competitive” market and rapid shift to electric vehicles.

The automaker, which owns the Chrysler, Jeep and Ram brands, is offering the buyouts to 31,000 US hourly employees and 2,500 salaried employees, spokeswoman Jodi Tinson confirmed.