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InvestmentsStellantis offers early retirement program to eligible U.S. employees By Reuters

Stellantis offers early retirement program to eligible U.S. employees By Reuters

¬© Reuters. FILE PHOTO: A Stellantis signal is seen outdoors the corporate’s headquarters in Auburn Hills, Michigan, U.S., June 10, 2021. REUTERS/Rebecca Cook/File Photo

(Reuters) – Stellantis NV, the world’s fourth-largest automaker, is providing voluntary retirement program to pension-eligible employees within the United States, the corporate stated late Monday.

The Netherlands-based agency stated the early retirement is accessible to employees who’re at the least 55 years previous and have been with the corporate for 30 years or who’re at the least 58 years previous with 10 years of employment.

The employees being supplied the buyouts are already eligible to retire.

“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,”¬†the corporate stated in an emailed assertion.

Unionized-salaried employees aren’t eligible for the buyouts, in accordance to CNBC https://www.cnbc.com/2021/11/01/stellantis-offering-buyouts-to-pension-eligible-us-salaried-workers.html, which initially reported the event. The firm cited the buyouts as a manner to help in its pivot to focus extra on electrical autos, in accordance to the report.

Stellantis, shaped at the start of the yr from the merger of Fiat Chrysler and France’s PSA, had introduced plans to construct factories in North America with LG Energy and Samsung (KS:) SDI Co to collectively produce electrical car (EV) batteries for the North American market.

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