Blog Post

Stellantis Buyout

2 Dec 2023

Stellantis recently announced a buyout to half of its salaried staff in effort to cut costs. Employees have until December 8th to accept the buyout offers with a separation date of December 31st. Your team at Arcadia Capital is here to walk you through any questions you may have about the buyout and life after Stellantis.

What is the package?

The buyout offers a lump sum payment based on your years of service with the below breakdown

5-9 years of experience getting 3 months of base pay

10-14 years of experience getting 6 months of base pay

15-19 years of experience getting 9 months of base pay

20 or more years of experience getting a year of base pay

Allow us to help you answer your questions, including:

Should I take the buyout?

What is the tax effect?

Does this fit my financial plan?

What do I do with my pension? Take the cash value?

What does this mean for my retirement?

These are questions that need to be answered before rushing into a decision and your team at Arcadia Capital is here to help.

If you or someone you know has questions concerning the Stellantis buyout or buyouts in general, please feel free to give us a call at 734-429-3971 or 616-251-1025.

Raymond James is not affiliated with Stellantis. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional.
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