Stellantis CEO Tavares 'not ruling out job cuts'

(ANSA) - ROME, OCT 14 - Stellantis is not ruling out future job cuts, CEO Carlos Tavares said on Monday.
    "I am not ruling out anything", Tavares told radio Rtl, answering a question on whether he intended to cut jobs, speaking from the Paris Motor Show, which runs until October 20.
    "The financial health of Stellantis is not only tied to the suppression of jobs" but "relies on many things - imagination, intelligence, innovation - which is what we are doing", said Tavares.
    He stressed that job cuts are "not at the centre of our strategic reflection".
    The "heart" of the carmaker's strategy, said Tavares is "making our clients happy through the quality of our products, through the innovation of our technologies, and the accessible dimension of our mobility which must be clean".
    In a statement issued after the CEO's interview Monday, the League party led by Deputy Premier and Transport Minister Matteo Salvini slammed the "umpteenth, disconcerting statements made by Tavares on possible layoffs".
    Such statements, the note said, "make establishing the truth on the public billions earned by Stellantis even more urgent and current.
    "Tons of money that have produced profits for managers, investments abroad and painful cuts in Italy.
    "It is a scandal that we will bring out in all its magnitude", concluded the note.
    On Saturday, Salvini said Tavares should be ashamed for saying car production in Italy was too expensive unless the government delivered fresh incentives for the sector.
    "The sector is in crisis in part because of him. T "He is no longer in a position to ask for anything, given the way they have mismanaged a historic Italian company," Salvini said of the company formed by the merger of Fiat-Chrysler with Peugeot. (ANSA).