DETROIT—Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.
Stellantis on Wednesday said it’s offering buyouts to groups of white-collar and unionized employees in the U.S., as well as hourly workers in Canada.
The cuts are “in response to today’s increasingly competitive global market conditions and the necessary shift to electrification,” the company said in a prepared statement.
Stellantis said it’s looking to reduce its hourly workforce by about 3,500, but wouldn’t say how many salaried employees it’s targeting….