Automakers rarely get a chance to make a 14-brand megacorporation, but Stellantis has just emerged from the merger of FCA and PSA. The new company includes Alfa Romeo, Chrysler, Dodge, Fiat, Lancia, Maserati and Ram from FCA and Peugeot, Citroen, DS, Opel and Vauxhall from PSA.
Stellantis now offers domestic partner benefits to a larger group of salaried workers, including those covered by collective bargaining agreements. But it’s not yet clear whether hourly employees will get the same treatment.
Health and Wellness
Stellantis is committed to promoting the health and well-being of its employees. They offer a wide variety of wellness programs and tools to help their employees live healthy lives.
The company has also partnered with ProMedica to open a near-site family health and wellness center for Stellantis employees and their families. This state-of-the-art facility is located in Toledo, Ohio.
Stellants is continuing to invest in its research and development activities, including new mobility trends such as electrification, autonomous technology, and connectivity.
The company is focusing on expanding its network of suppliers for key battery ingredients, including signing a contract with Australian mining firm Element 25 for a five-year supply of high-purity manganese sulfate monohydrate for electric vehicles. The agreement will provide the company with a secure source of material for its growing global EV production capacity.
Stellantis offers employees life insurance and accidental death coverage. Employees can use a portion of their annual salary to purchase additional life insurance. The company also offers dependent life insurance.
The UAW union stepped up its strikes Monday morning, shutting down the Sterling Heights Assembly Plant north of Detroit that builds Ram pickup trucks for Fiat Chrysler Automobiles and Stellantis. The newest strike action comes just three days after the union reported progress in talks with General Motors and Stellantis.
The merger of Fiat Chrysler and PSA Group created a new global automaker that now makes 18 nameplates, including Chrysler, Dodge, Jeep, and Ram in the U.S.; Fiat, Alfa Romeo, Abarth, and Lancia in Italy; and Citroen, DS, Opel, Peugeot, and Vauxhall in Europe. But some brands may wind up disappearing as the companies find cost savings.
Stellantis is one of the world’s leading automakers and mobility providers, guided by a clear vision to offer freedom of movement with distinctive, affordable and reliable mobility solutions. Its greatest strengths lie in its sustainable performance, depth of experience and the wide-ranging talents of employees working around the globe.
Its broad and iconic brand portfolio includes Dodge, Jeep, Ram and Fiat vehicles, as well as Citroen, DS, Opel and Peugeot cars. Stellantis also makes light commercial vehicles, including tractors and vans.
The company’s 11 Business Resource Groups represent a range of affinity communities, including African ancestry, Hispanic, Asian, Native American, women, Middle Eastern, disabled, veterans and working parents. It recently earned acknowledgement for its diversity leadership by the editors of DiversityInc magazine. In other words, it’s a mega-corporation, but based on past auto mergers, that often works out just fine.
Long-Term Care Insurance
Stellantis offers long-term care insurance that provides benefits for health care and home care if you meet the criteria, which is determined through an assessment by a company sponsored nurse/social worker. The program is administered by John Hancock Life and Health.
Stellantis is home to some of the most iconic brands in the world including Jeep, Dodge and Ram. It also houses European automakers like Peugeot and Opel. It was formed in early 2021 after Fiat Chrysler completed a merger with PSA Group.
Stellantis is led by a proven CEO in Carlos Tavares who is widely credited with cutting costs at PSA and bringing it back to profitability. He is also on track to achieve $5 billion of annual synergies by 2030. The company also has a low valuation and attractive dividend payout, making it a compelling investment opportunity.
Ford and GM have offered buyouts to salaried employees, but Stellantis, formed in January through the merger of Fiat Chrysler and France’s PSA Group, hasn’t yet. The company did announce a policy change this month that reinstates domestic partner benefits for nonbargaining-unit U.S. employees irrespective of partnership status (same- or opposite-sex).
The company also continues to make an automatic 6.4% contribution to the 401(k) plan for its nonbargaining-unit salaried and white-collar workers. Employees can also contribute to the plan on their own with a 50 cents-on-the-dollar company match up to 10% of salary.
Other employee benefits include free meals and parking, paid parental leave and relocation assistance within the U.S. Stellantis also has several Business Resource Groups that support a variety of affinity communities, including women, African ancestry and LGBTQ+.