Chrysler slashing up to 10,000 jobs, 4 car lines
Nov 02, 2007 | 04:20 PM
| Michael Cowden
Citing poor market conditions, Chrysler LLC is slashing thousands of jobs and cutting four vehicles from its lineup.
About 8,500 to 10,000 workers will lose their jobs through 2008 as shifts are eliminated at five North American assembly plants, the Auburn Hills, Mich.-based automaker said. About 1,000 salaried employees and more than one-third of its contract employees will also be fired, it said.
The newest round of cuts come on the heels of a work force reduction involving 13,000 positions announced in February as part of a restructuring called the Recovery and Transformation Plan (AMM, Feb. 15). They also come shortly after members of the United Autoworkers union narrowly ratified a new collective bargaining agreement with Chrysler.....
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