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 reductions will take effect from March 31st.
“As the automotive industry continues to face unprecedented uncertainty and increased 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 action confirmed that the company has about 400 employees, a figure first reported by the Wall Street Journal on Friday.
The layoffs will affect U.S. salaried workers in Stellantis’ engineering and technology division, who are not unionized, according to an internal announcement confirmed by two sources not authorized to speak about the move. The incident took place during a “mandatory remote work day” for employees.
action is latest Since Stellantis was formed in 2021 through the merger of Fiat Chrysler and French automaker PSA Group, Stellantis CEO Carlos Tavares has sought to cut costs through layoffs, acquisitions and other means. I’ve been trying.
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.
