Midday movers: First Republic, United Parcel Service, Spotify and more

Go back to Midday movers: First Republic, United Parcel Service, Spotify and more

Stellantis (STLA) offering voluntary buyouts to 33,500 U.S. employees

April 26, 2023 1:53 PM EDT

Stellantis (NYSE: STLA) announced Wednesday that the Chrysler parent company is offering voluntary exit packages to 33,500 U.S. employees as it looks to streamline operations.

The automaker did not say how many total jobs it is looking to eliminate. However, the offer covers 31,000 U.S. hourly workers and about 2,500 salaried workers. The company is also... More

Stellantis (STLA) to cut 3,500 U.S. jobs

April 26, 2023 8:31 AM EDT

According to a United Auto Workers union letter made public Tuesday, Chrysler and Dodge parent company Stellantis (NYSE: STLA) wants to cut approximately 3,500 hourly U.S. jobs and is offering voluntary exit packages.

According to the letter, The automaker is looking to reduce its... More