pAfter already making buyout offers and layoffs in recent months, Stellantis said it's planning US $200 million more worth of head count reductions by year end./p
The industry's shift toward electric vehicles has sparked a global cost-cutting crusade at Stellantis, which is shrinking its North American workforce, offshoring some engineering work and consolidating its lineup onto a small number of versatile platforms that can support multiple body styles and powertrains.
That number has since risen to $9 billion amid the company's ongoing mission to streamline operations as its EV transition has progressed. Tavares has cited the specter of China-made EVs making inroads around the world as being among the reasons Stellantis needs to become more efficient. "It is the same thing as asking: Do we have limits to our imagination? Do we have limits to our brains?" he said."At Stellantis, we keep on challenging ourselves every single day, every single minute on what kind of solutions can we find, what kind of collective answers we can bring to the challenges that we are facing."
Stellantis has begun recruiting a majority of its engineering workforce in lower-cost countries such as Morocco, India and Brazil and is looking to source 80 per cent of its parts in regions where it can get the best pricing. Tavares in May said the added costs of building EVs will shift more of the industry's supply base to parts of the world where parts and labour are cheaper.
It's buying more than 1,000 trucks in Europe to control transportation of vehicles between its plants and the final customer, said Maxime Picat, chief purchasing and supply chain officer. Picat said outbound logistical costs in Europe will decline 25 per cent in the second half of 2024 compared with a year earlier.
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