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Jeep, Chrysler Parent Company Offering Buyouts to Salaried Employees in U.S.

Jeep and Chrysler parent company Stellantis is offering buyouts to some of its 13,000 U.S. salaried employees, as the automaker attempts to cut jobs and realign its workforce for electric vehicles and software services.

To be eligible, employees must be at least 55 years old and have been with the company for 10 years or have 30 years of service and have a pension. Employees were notified of the buyout offers Friday. They have until Dec. 5 to make a decision.

A Stellantis spokeswoman declined to say how many domestic salaried employees are eligible for the program, or whether the automaker has a target for how many workers it would like to take the packages.

Read the source article at cnbc.com

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