Stellantis Faces Financial Struggles Yet Rewards Employees in Morocco
Stellantis, the automotive giant, has recently reported significant financial challenges, marking the year 2025 as the most problematic since the company's inception. The company suffered a staggering €22.3 billion in losses over the last two years, a downturn attributed to a slowdown in electrification efforts driven by CEO Antonio Filosa's strategic shift. John Elkann, the chairman, referred to this period as "a year of reckoning," which notably resulted in many employees missing out on profit-sharing bonuses. However, not all workers are facing this setback; employees at Stellantis Kénitra in Morocco will receive compensation for their performance in 2025, alongside their Detroit counterparts.
According to Mounir Kharbouche, the factory's director, the collaborative efforts between plant management and the Africa and Middle East (MEA) division have made it possible to distribute a substantial bonus, known as the Collective Local Performance Incentive (CLPI). This incentive is calculated based on the country’s performance results and is notably absent for workers at Stellantis’ Balaídos facility and other plants across Spain, despite record production figures last year.
The announcement included a detailed chart outlining bonus ranges based on employees' categories and positions. Bonuses start at a minimum of 1,600 dirhams, approximately €150, while the highest bonus can reach up to 15,000 dirhams, nearly €1,400. Eligibility for this payout extends to all employees with permanent contracts as of December 31, 2025, who have been with the company for at least three months and are active as of April of this year, the planned payment date.
Before the extensive expansion inaugurated last year, the Moroccan factory already employed 3,500 individuals, with the expansion expected to create an additional 3,000 jobs. Kharbouche expressed gratitude for the employees' commitment and involvement, emphasizing the importance of each team member in achieving a performance level that aligns with the ambitious goals of the Kénitra Industrial Complex by 2026. This facility is one of the key investments for the group and has been highlighted by former CEO Carlos Tavares as a primary competitor to the Balaídos plant.
As reported by farodevigo.es.
