Stellantis Layoffs and Outsourcing

SOURCE www.breitbart.com
Stellantis lays off 400 American engineers to cut costs, plans to hire engineers in low-wage countries like Brazil, India, Mexico, and Morocco at a fraction of the cost. CEO Carlos Tavares secures a $39 million compensation package. Outsourcing leads to production complications and layoffs in the US.

Key Points

  • Layoffs of 400 American engineers in Michigan
  • Hiring engineers in Brazil, India, Mexico, and Morocco at lower wages
  • CEO Carlos Tavares receives $39 million compensation package
  • Outsourcing leads to production issues and layoffs in the US

Pros

  • Cost savings for Stellantis by hiring engineers in low-wage countries

Cons

  • 400 American engineers laid off
  • Production complications due to outsourcing