Stellantis to offer broad buyouts to U.S. salaried workers, warns of possible layoffs

In an email to employees Tuesday morning, the company said it would offer a voluntary separation program to non-union U.S. employees at the vice president level "and below in certain functions." Stellantis CEO Carlos Tavares has been on a cost-cutting mission since the company was formed through a merger between Fiat Chrysler and France's PSA Groupe in January 2021. It's part of his "Dare Forward 2030" plan to increase profits and double revenue to 300 billion euros by 2030. Several Stellantis executives pr ...