{"id":84340,"date":"2023-11-14T08:14:34","date_gmt":"2023-11-14T13:14:34","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/stellantis-offering-another-round-of-buyouts-to-white-collar-workers\/"},"modified":"2023-11-14T08:14:35","modified_gmt":"2023-11-14T13:14:35","slug":"stellantis-offering-another-round-of-buyouts-to-white-collar-workers","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=84340","title":{"rendered":"Stellantis offering another round of buyouts to white-collar workers"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002723763\" role=\"document\">\n<p>Chrysler parent Stellantis<br \/>\n        STLA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204248628\/composite\" class=\"positive\">+1.55%<\/bg-quote><br \/>\n       plans to offer its second round of buyouts this year to a little more than half its white-collar employees in the United States, the Wall Street Journal first reported on Monday. The automaker, when reached for comment, said the buyouts would be offered to 6,400 non-union workers with at least five years of service to the company, out of 12,700. The move comes as the automaker tries to cut costs in an effort to pivot to electric vehicles and as the company prepares to pay out more after reaching a tentative deal with United Auto Workers union employees, the Journal noted. \u201cAs the\u00a0U.S.\u00a0automotive industry continues\u00a0to face challenging market conditions, Stellantis\u00a0is taking\u00a0the necessary structural actions\u00a0to protect our operations and the company,\u201d Stellantis said in an emailed statement.\u00a0\u201cAs we prepare\u00a0for the transition to electric vehicles, Stellantis\u00a0announced today that it will offer a voluntary separation package to\u00a0assist\u00a0those\u00a0non-represented employees\u00a0who would like to separate or retire\u00a0from the company to pursue other interests with a favorable package of benefits.\u201d\u00a0Shares were unchanged after hours.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/stellantis-offering-another-round-of-buyouts-to-white-collar-workers-wsj-6fbad6f8?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chrysler parent Stellantis STLA, +1.55% plans to offer its second round of buyouts this year to a little more than half its white-collar employees in the United States, the Wall Street Journal first reported on Monday. The automaker, when reached for comment, said the buyouts would be offered to 6,400 non-union workers with at least [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-84340","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stellantis offering another round of buyouts to white-collar workers | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Chrysler parent Stellantis STLA, +1.55% plans to offer its second round of buyouts this year to a little more than half its white-collar employees in the\" \/>\n<meta name=\"robots\" content=\"index, follow, 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