Stellantis Offers Voluntary Retirement in EV Push
Nov. 3, 2021—As part of a major investment into electric vehicles, Stellantis announced it is offering buyouts and voluntary retirement options to pension-eligible salaried employees in the U.S.
The number of buyouts and employees who are eligible wasn't immediately available according to a report from The Detroit News, but early retirement has been made available to employees who are at least 55 years old and have been with the company 30 years or who are at least 58 and have been with the company for 10 years.
"Stellantis is aggressively moving forward on its journey to become the market leader in low emission vehicles," the company said in a statement. "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 move is the latest for a company that has committed $35.5 billion to electrification through 2025.