Investing.com -- Stellantis (NYSE: STLA ), the manufacturer of Jeep vehicles, has confirmed that it is offering a new round of voluntary buyouts to some of its employees in selected factories. The move comes as the company seeks to reduce expenses following a challenging 2024.

The company is offering buyouts to workers in Detroit, Ohio, and Illinois facilities. This decision is part of Stellantis’ ongoing review of its operations to increase efficiency and maintain a competitive edge in the rapidly changing automotive market.

Stellantis released a statement regarding the buyouts, explaining that the company is continuously reviewing its operations to improve efficiency and safeguard its competitiveness in a highly dynamic market.

The company has not disclosed the number of workers that will be affected by the buyout offers or the financial details of the buyout packages.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.