Stellantis Hires €50,000 Engineers in Brazil, India to Save
- Aggressive savings coming under scrutiny in Italy, US
- Engineers cost as little as a quarter of US, France salaries
An Evbox electric charge point in a showroom operated by Stellantis NV, in Paris.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Stellantis NV has moved to recruiting a majority of its engineering workforce in countries like Morocco, India and Brazil, as carmakers contend with lower-cost competition and slowing demand.
The maker of Jeep SUVs, Opel Corsas and Chrysler minivans is hiring engineers where the cost per employee amounts to roughly €50,000 ($53,000) or less per year, according to people familiar with the matter. The cost of labor in hubs like Paris and Detroit can be as much as five times that amount.