The company behind carmakers Chrysler, Dodge, Jeep and Fiat will offer voluntary buyouts to more than 33,500 U.S. employees, it announced Wednesday, as part of its transition to build more electric vehicles.
“In response to today’s increasingly competitive global market conditions and the necessary shift to electrification, Stellantis is thoroughly reviewing its North American operations to improve efficiency, reduce costs and protect the competitiveness of our products to allow for further strategic investments to support our transformation,” the company said in a statement.
United Auto Workers President Shawn Fain called the job cuts “a slap in the face” to workers who helped the company during the Great Recession. Other automakers over the past several months have announced job-shedding measures that executives have attributed to needed cost reductions and new electric vehicle projects.
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