Sometimes even the companies that aren't in major trouble need to make tough decisions. Chrysler announced Wednesday that it would lay off 100 of its 870 hourly workers at its 4.7L V8 engine plant in Detroit due to low production numbers. Needless to say, as cool a marketing tool as a big engine is, it couldn't withstand high gas prices. To Chrysler's credit, we're not talking 30,000 jobs, but the loss is a very real one to 100 workers in the Motor City.
The news comes on the heels of another announcement last week that an unknown number of workers would be laid off from three of its Kokomo, Ind. plants, mostly due to the phase out of the Neon.

Share This Photo X