Stellantis Plans Buyouts for U.S. Salaried Workers at Chrysler

Stellantis, the parent company of Chrysler, is preparing to offer buyouts to approximately 6,400 of its U.S. white-collar employees as it seeks to reduce expenses during its transition to electric vehicles and cope with higher labor costs from an impending union contract. The buyouts will be voluntary and targeted towards nonunion employees with at least five years of experience.