Stellantis Hires €50,000 Engineers in Brazil, India to Cut Costs bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Stellantis NV (NYSE: STLA) shifting engineering recruitment to lower-cost countries due to cheaper Chinese EVs and CEO criticism, stock up 38% in last 12 months.
Stellantis NV (NYSE:STLA) is shifting its engineering recruitment toward lower-cost countries such as Morocco, India, and Brazil, responding to the challenges posed by cheaper Chinese electric vehicles and diminished demand. The company, known for producing Jeep SUVs, Opel Corsas, and Chrysler minivans, now targets hiring where the annual cost per engineer is roughly 50,000 euros (roughly $53,400) or less, a fraction of the cost in places like Paris and Detroit. The company’s CEO, Carlos Tavares
Stellantis hires €50,000 engineers in India, Brazil to save newsindiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsindiatimes.com Daily Mail and Mail on Sunday newspapers.
Stellantis NV has moved to recruiting a majority of its engineering workforce in countries like Morocco, India and Brazil, as carmakers contend with lower-cost competition and slowing demand.