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Joe Biden’s Electric Vehicle Goals Spur Stellantis to Offer Buyouts to 6.4K American Employees

via ABC News
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Stellantis, the parent company of brands such as Jeep and Chrysler, is offering a buyout to 6,400 of its 12,700 non-union American white-collar employees as part of its transition to electric vehicles (EVs).

The move comes as the company aims to cut costs in order to afford the Biden administration’s green energy agenda, which includes transitioning the American auto industry to EVs.

Stellantis is committing to the launch of eight new electric vehicles and is planning to build an EV battery plant in Illinois. (Trending: Judge Issue Major Ruling On Transgender Procedures For Kids)

“As the U.S. automotive industry continues to face challenging market conditions, Stellantis is taking the necessary structural actions to protect our operations and the company,” spokeswoman Jodi Tinso said.

However, American auto workers have expressed concerns about job security and the potential impact of EV goals on their wages and employment.

They fear that jobs may eventually end up with China due to the country’s control over critical components of the EV battery supply chain.

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