The rumors are true: Stellantis is offering buyouts to a large number of salaried employees in the United States. The deal is being offered to employees who are eligible for pensions; they must be at least 55 years old, with 30 years of experience at the companies, for 58 years old with ten years of experience.
Stellantis wrote in a recent statement that the buyouts were part of a plan to change their engineering focus to electrified vehicles, including plug-in hybrids (PHEVs) and BEVs. Globally, automakers are quickly moving to PHEVs and BEVs due to their higher performance and anticipation of increased greenhouse-gas regulation. “To assist in our transition, and to align our business priorities to a new set of critical skills and investment opportunities, Stellantis North America is offering a voluntary retirement program to eligible members of our team.”
Stellantis expects electrification of all vehicles by 2029 with PHEVs and BEVs accounting for nearly half (40%) of US sales by 2030. Jeep will have a BEV in every segment by 2025; Ram’s first BEV will be the ProMaster in 2023 (a similar Fiat van is going on sale in the EU soon) with a pickup coming in 2024.
The buyouts are voluntary.