Sunday, October 26, 2008
Chrysler cuts may help deal with General Motors!
With the cuts being made at Chrysler And GM, Are they rightsizing the companies to make the merger???
Latest from Detroit News Auto Reporter:
Trimming 5,000 salaried jobs may make it more attractive to GM or other potential suitors.
Alisa Priddle, Bryce Hoffman and David Shepardson / The Detroit News
Chrysler LLC said Friday that it will cut almost a third of its white-collar work force, raising questions about whether the move is in response to difficult market conditions or a step toward preparing the struggling automaker for a possible sale.
Chrysler will cut about 5,000 of its 17,300 salaried and contract workers worldwide by Jan. 1 through buyouts and layoffs as plunging car and truck sales force Detroit's Big Three automakers to reduce costs to conserve cash.
About 95 percent of Chrysler's white-collar force is in North America, with at least 10,000 workers in Michigan, which means the state would take the brunt of the downsizing....Detroit News
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