Sunday, March 30, 2025

Car group pays employees DKK 500,000 to resign

At Stellantis, the American part of the group has started offering employees up to half a million kroner to resign.

They need to hurry. But if a number of Stellantis employees resign within the coming weeks, they could be out of pocket for 500,000 kroner.

The Detroit Free Press writes that.

The scheme begins with a 'golden' handshake of 341,000 kroner for people who have been with Stellantis for more than a year but less than 15.

The employees who survived Chrysler's divorce from Mercedes, the later merger with Fiat, and the formation of the Stellantis Group can receive the full amount of 500,000 kroner.

Stellantis has confirmed that the offer is on the table, but that it will disappear again for employees who do not accept it by May 8 this year.

Get 500,000 kroner if you resign before May 8th

For now, the car company has chosen to only offer the money to employees at factories in Michigan, Illinois and Ohio, where they build the Jeep Wrangler and Ram 1500.

This is not the first time that Stellantis has tried to part with its employees by offering them money. This happened in 2023, when 33,000 employees were offered the offer, and again in 2024, when 11,000 employees could choose to take money to resign.

However, the Stellantis Group is not the only one opening its money tank these days in the hope that people will resign themselves. Mercedes is doing the same. And here the compensation is actually even better. Read more about it here .

Stellantis is working to rebuild its global business after a miserable 2024, which culminated in December with the firing of CEO Carlos Tavares.

Tavares was one of the best paid in the entire automotive industry. In 2023 alone, Stellantis paid him 275 million kroner per year. But it could get even wilder.

Herbert Diess, who was fired as Volkswagen's managing director in August 2022, still receives 80 million kroner per year from the German car brand.

He secured the money through his contract, which obliges Volkswagen to continue paying him a number of bonus steps. The salary means that Herbert Diess is actually better paid than his successor in the director's chair.

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