US EditionStellantis offers UAW workers in Detroit, Toledo buyouts. Here’s how much they’re worth
- Stellantis is offering voluntary buyouts to employees at facilities in Detroit and Toledo, confirmed by company spokesperson Ann Marie Fortunate.
- The offers are available to eligible union members and selected employees until May 8, with payments ranging from $50,000 to $72,000 based on seniority.
- Stellantis is implementing these buyouts as part of cost-cutting measures after reporting a 70% decline in net profits for 2024.
- Labor and market conditions, including proposed tariffs, have created challenges for the auto industry this year, affecting companies like Stellantis.
18 Articles
18 Articles
Conservative Review
Can a new CEO save Stellantis from bankruptcy?
Stellantis is on the hunt for a new CEO — and whoever it is better be a miracle-maker.I've talked about the company's recent woes before. Stellantis has reported a steep 70% decline in net profit, falling from 18.6 billion euros ($19.5 billion) in 2023 to 5.5 billion euros ($5.77 billion) in 2024.Imagine the new Barracuda as a Challenger replacement, while using the 'Cuda name for performance versions.On top of that, the company is in the midst …
The Macomb Daily
Stellantis offers UAW workers in Detroit, Toledo buyouts. Here’s how much they’re worth
Luke Ramseth, The Detroit News Stellantis NV has offered hourly employees across multiple Detroit and Toledo-area facilities buyouts worth $50,000 or more, the latest move by the automaker as it seeks to reduce costs and streamline its workforce in the United States. The voluntary termination of employment program, or VTEP, as well as a similar retirement incentive program, applies to certain United Auto Workers-represented workers at more than …
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
