HomeBusinessChrysler parent Stellantis laying off 400 salaried U.S. workers

Chrysler parent Stellantis laying off 400 salaried U.S. workers

The Stellantis sign is seen outside the FCA Headquarters and Technology Center in Auburn Hills, Michigan, on Jan. 19, 2021.

Jeff Kowalsky | Afp | Getty Images

DETROIT – Stellantis is laying off roughly 400 salaried employees in the U.S. in its engineering, technology and software units to cut costs as the automaker faces what it calls challenging market conditions.

Stellantis on Friday said the layoffs would affect about 2% of employees in those units “after rigorous organizational reviews.” Stellantis employed 11,800 U.S. salaried employees as of the end of last year.

The cuts are effective March 31.

“As the auto industry continues to face unprecedented uncertainties and heightened competitive pressures around the world, Stellantis continues to make the appropriate structural decisions across the enterprise to improve efficiency and optimize our cost structure,” the company said in an…

Read more at www.cnbc.com

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