Stellantis to Offer Buyouts and Cut Thousands of U.S. Hourly Jobs.

Stellantis, the parent company of Chrysler, is offering voluntary buyouts to 33,500 U.S. employees, including 31,000 hourly employees and 2,500 salaried, non-union employees. The move is part of the automaker's efforts to cut costs and headcount amid increasingly competitive global market conditions and the necessary shift to electrification. The buyouts are the latest cuts for the auto industry, with General Motors and Ford Motor also offering buyouts and announcing significant job cuts in Europe.