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Chrysler parent company Stellantis lays off 400 U.S. salaried workers

A Stellantis sign outside the FCA headquarters and technology center on January 19, 2021 in Auburn Hills, Michigan.

Jeff Kowalski | AFP | Getty Images

Detroit – Stellantis The automaker is laying off about 400 salaried employees in the U.S. in its engineering, technology and software divisions in an effort to cut costs as it faces what it calls a difficult market environment.

Stellantis said on Friday that “following a rigorous organizational review” the job cuts will affect approximately 2% of employees in these divisions. Stellantis employed 11,800 salaried employees in the United States as of the end of last year.

The cuts will take effect from March 31st.

“As the automotive industry continues to face unprecedented uncertainty and increasing competitive pressures around the world, Stellantis is making the right structural decisions across the company to improve efficiency and optimize our cost structure. and continues to decline,” the company said in an emailed statement.

A spokesperson for the automaker declined to say exactly how many employees would be laid off. A source familiar with the act confirmed the number was around 400 workers. The numbers were first reported on Friday. Wall Street Journal.

The layoffs are a result of “forced remote work” for U.S. non-union salaried employees in Stellantis' Engineering and Technology division, according to an internal announcement confirmed by two sources not authorized to speak about the move. It is said that it took place during the day.

action is latest Since the company's founding, Stellantis CEO Carlos Tavares has sought to reduce costs through layoffs, acquisitions and other methods. Established through merger Fiat Chrysler and French automaker PSA Group will partner in 2021.

The job cuts are part of Stellantis' efforts to achieve its “Dare Forward 2030” strategic plan, increasing profits and doubling the automaker's sales to 300 billion euros ($335 billion) by then. We have set goals such as to achieve this goal.

“We understand this is difficult news, but these steps are necessary to protect our competitive advantage as we continue to focus on our EV product offensive and the implementation of our Dare Forward 2030 strategic plan. “This allows us to better align our resources while preserving critical skills,” the company said.

Summarize this content to 100 words A Stellantis sign outside the FCA headquarters and technology center on January 19, 2021 in Auburn Hills, Michigan.Jeff Kowalski | AFP | Getty ImagesDetroit – Stellantis The automaker is laying off about 400 salaried employees in the U.S. in its engineering, technology and software divisions in an effort to cut costs as it faces what it calls a difficult market environment.Stellantis said on Friday that “following a rigorous organizational review” the job cuts will affect approximately 2% of employees in these divisions. Stellantis employed 11,800 salaried employees in the United States as of the end of last year.The cuts will take effect from March 31st.“As the automotive industry continues to face unprecedented uncertainty and increasing competitive pressures around the world, Stellantis is making the right structural decisions across the company to improve efficiency and optimize our cost structure. and continues to decline,” the company said in an emailed statement.A spokesperson for the automaker declined to say exactly how many employees would be laid off. A source familiar with the act confirmed the number was around 400 workers. The numbers were first reported on Friday. Wall Street Journal.The layoffs are a result of “forced remote work” for U.S. non-union salaried employees in Stellantis' Engineering and Technology division, according to an internal announcement confirmed by two sources not authorized to speak about the move. It is said that it took place during the day.action is latest Since the company's founding, Stellantis CEO Carlos Tavares has sought to reduce costs through layoffs, acquisitions and other methods. Established through merger Fiat Chrysler and French automaker PSA Group will partner in 2021.The job cuts are part of Stellantis' efforts to achieve its “Dare Forward 2030” strategic plan, increasing profits and doubling the automaker's sales to 300 billion euros ($335 billion) by then. We have set goals such as to achieve this goal.“We understand this is difficult news, but these steps are necessary to protect our competitive advantage as we continue to focus on our EV product offensive and the implementation of our Dare Forward 2030 strategic plan. “This allows us to better align our resources while preserving critical skills,” the company said.
https://www.cnbc.com/2024/03/22/chrysler-parent-stellantis-laying-off-400-salaried-us-workers.html Chrysler parent company Stellantis lays off 400 U.S. salaried workers

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