• Thu. Jun 13th, 2024

Stellantis Announces Layoffs of 400 Engineering/Technology Jobs in US Amid Increased Competition in the Automotive Industry

BySamantha Johnson

Mar 25, 2024
Stellantis to Cut 400 Jobs in US, Increase Production of Electric Vehicles

Stellantis, an Italian-American automaker, announced it will be cutting 400 engineering/technology and software jobs in the US effective March 31. This decision represents two percent of the workforce in such positions at the company’s subsidiaries worldwide. The automotive industry is facing unprecedented uncertainty and increased competition, prompting Stellantis to make structural decisions to enhance efficiency and optimize its cost structure.

Earlier this month, the United Auto Workers (UAW) union president criticized Stellantis for laying off 2,000 temporary workers in the US, attributing the decision to corporate greed. However, the latest contract between UAW and management resulted in approximately 3,000 temporary employees securing permanent positions. Last year, Stellantis offered severance pay for voluntary departures as part of preparations for transitioning to electric vehicles, citing the need to become more efficient.

The exact number of workers offered severance pay has not been disclosed by management. In February, it was reported that Stellantis employed 81,341 workers in North America at the end of the previous year, a decrease from 88,835 employees at the end of 2022. Stellantis plans to introduce at least 25 battery-electric car models in the US by 2030 as part of its strategic goals.

By Samantha Johnson

As a dedicated content writer at newsanguinely.com, I weave words into compelling stories that captivate and inform our readers. With a passion for storytelling and a keen eye for detail, I craft engaging articles that shed light on the latest news and trends. When I'm not typing away at my keyboard, you can find me exploring new ideas, researching diverse topics, and striving to deliver content that resonates with our audience. Join me on this journey as we uncover the stories that matter most.

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