Chrysler-parent Stellantis laying off about 400 U.S. workers

By Thomson Reuters Mar 22, 2024 | 11:20 AM

(Reuters) – Chrysler-parent Stellantis said Friday it will lay off about 400 U.S. workers as it works to cut costs, boost efficiency and ramp up electric vehicle production plans.

The Italian-American automaker company said it is reducing its engineering/technology and software organizations by about 400 U.S. jobs effective March 31, which represents 2% of those jobs worldwide. Last year, Stellantis twice offered groups of U.S. workers buyouts, including giving 6,400 U.S. salaried employees a financial incentive to depart in November.

(Reporting by David Shepardson)