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mergerCNBC
•82% Informative
CEO Carlos Tavares says Stellantis has achieved 8.4 billion euros ( $9 billion ) in cost reductions.
Tavares said the largest reduction was achieved in the sharing and consolidation of engineering assets.
Other cost-saving measures have included reshaping the company's supply chain and operations, as well as headcount reductions.
Since the merger was agreed to in December 2019 , the company has reduced headcount by 15.5% .
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