Layoffs at Chrysler


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Posted by Joe Cimoch on Thursday, November 01, 2007 at 20:49:02 :

From the WSJ:

Chrysler LLC plans a sweeping new round of job cuts as part of an effort to slash costs and match slowing demand for some vehicles. The auto maker said it will cut 8,500 to 10,000 hourly jobs through 2008, and also cut salaried and contract positions. It will eliminate shifts at five North American assembly plants and eliminate four products from its line-up. The cuts come in addition to the 13,000 layoffs Chrysler announced in February as part of a massive restructuring plan.



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