- Jul 17, 2007
Chrysler does better than expected in job cuts
The announcement was made in an internal email that was sent to Chrysler staffers on Monday. In it, CEO Tom LaSorda assured staff that the reduction in employee numbers won't disrupt operations and we could see even more lay-offs very soon. An additional 400 blue-collar workers are still awaiting approval for applied buyouts or early retirement packages, but Chrysler spokesman Dave Elshoff said "there's no guarantee that they will be accepted this year."
These latest reductions leaves Chrysler with roughly 73,356 hourly and salaried employees all up, 100 less than what the turnaround plan stipulated for 2007. We hope the changes will make more than just a dent in rectifying the $680 million loss Chrysler suffered last year.
[Source: Detroit News]