Stellantis Announces Record Employee Payouts Totaling Nearly €1.9 Billion

Stellantis Announces Record Employee Payouts Totaling Nearly €1.9 Billion

(IN BRIEF) Stellantis has revealed its plans to distribute close to €1.9 billion this year to employees worldwide, based on the company’s impressive 2023 financial results and global achievements. This marks a significant milestone since the formation of Stellantis just over three years ago, with a total of €6 billion distributed to its global workforce. The distribution underscores Stellantis’ commitment to its employees, reflecting the company’s “Care” pillar and dedication to fostering a fair and rewarding work environment. With approximately 95% of its employees benefiting from a “pay for performance” approach, coupled with initiatives like the “Shares to Win” employee share purchase plan, Stellantis continues to prioritize employee engagement and recognition, emphasizing collective success as one team under the leadership of CEO Carlos Tavares.

(PRESS RELEASE) AMSTERDAM, 15-Feb-2024 — /EuropaWire/ — Stellantis today announced it will distribute nearly €1.9 billion this year based on the Company’s 2023 financial results and achievements at both global and local levels, recognizing the performance and commitment of its employees worldwide. Since its creation just over three years ago, Stellantis has distributed €6 billion to its global employee base.

Since 2021, the Company has been committed to sharing its success with employees, reinforcing its “Care” pillar, dedicated to its employees, its customers, and its carbon net zero objective.

Employees are the heart of Stellantis’ performance. In 2023, approximately 95% of its employees around the world benefited from a “pay for performance” approach, which recognizes their contribution to the Company’s success.

This approach is the result of constructive dialogue with the unions in the countries where Stellantis operates, as well as the willingness to propose a compensation and benefits policy that is fair and based on market practices.

To engage employees more closely in the Company’s success, last year Stellantis launched the “Shares to Win” employee share purchase plan in Italy and France, as a pilot initiative, with a €1,000 matching contribution offered by the Company. Stellantis plans to extend this program to 242,000 eligible employees worldwide in 2024, with the same incentive guiding principles.

“In a highly demanding and competitive context, all Stellantis employees can be proud of what we have been building together over the last three years, and I want to warmly thank each of them for this,” said Stellantis CEO Carlos Tavares. “We delivered strong Company performance results, allowing us to distribute nearly €1.9 billion in profit sharing and variable bonuses for the third consecutive year. These profit sharing and variable payout programs are more than a reflection of our employees’ performance and achievements, they are the fair recognition of their commitment to succeed as one team.”

*Variable pay and profit sharing = Stellantis Annual Incentive Plan + sales incentives + profit sharing incl. CLPI & special premium

About Stellantis

Stellantis N.V. (NYSE: STLA / Euronext Milan: STLAM / Euronext Paris: STLAP) is one of the world’s leading automakers aiming to provide clean, safe and affordable freedom of mobility to all. It’s best known for its unique portfolio of iconic and innovative brands including Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS Automobiles, Fiat, Jeep®, Lancia, Maserati, Opel, Peugeot, Ram, Vauxhall, Free2move and Leasys. Stellantis is executing its Dare Forward 2030, a bold strategic plan that paves the way to achieve the ambitious target of becoming a carbon net zero mobility tech company by 2038, while creating added value for all stakeholders. For more information, visit www.stellantis.com

Media Contacts:

communications@stellantis.com

Fernão SILVEIRA
+31 6 43 25 43 41
fernao.silveira@stellantis.com

Nathalie ROUSSEL
+33 6 87 77 41 82
nathalie.roussel@stellantis.com

SOURCE: Stellantis NV