The last few months have been trying times for Chrysler, to say the least, but the future doesn’t look to be getting any easier for the troubled Michigan automaker. On top of swirling sales rumors, Chrysler has announced that it will be cutting 25 percent of salaried workforce.
Set to begin next month, the cuts will consist of retirement packages, buyout deals and layoffs, according to Automotive News. Chrysler current employs 17,332 workers, meaning about 4,333 workers are set to lose their jobs.
“These are truly unimaginable times for our industry,” Chrysler CEO Bob Nardelli said to employees in a letter. “We continue to be in the most difficult economic period most of us can remember.”
In addition to job cuts, Chrysler said it would cut back on all other expenses not directly related to major product programs.
Through the first nine months of the year, Chrysler’s sales are down about 25 percent, with a 30+ percent decline expected in the month of October.
10/24, 12:16 PM
posted by:
beatusmongous
Um, what’s with the cows? Is that what these workers will be replaced with?
10/24, 12:31 PM
posted by:
johnnycanuck
beatus, I think the byproduct of said cows is somewhat reminiscent of what Chrysler is up to their neck in.
10/24, 12:36 PM
posted by:
Lariat Luxury Locomotive Liner No.3
Cerberus loves this stuff, it’s what they are made of. Nardelli, meet Mark Hurd your counterpart to systematically destroying a company.
10/24, 12:43 PM
posted by:
beatusmongous
A “Hurd” of cattle…
…and their dung…
10/24, 1:10 PM
posted by:
Catiadesigner
To be honest they probably could clear out 25% of those at the tech center and no one would notice any difference.
The old joke used to be:
Q ‘How many people work at CTC?’
A ‘About 10%’
I remember having an emergency and work needed to be done over a weekend, the engineer that was willing to come in over the weekend and do what was needed wasn’t allowed to because he didn’t have enough union seniority, and most of those that were in on weekends don’t actually have anything to do, they just sit there and read the newspapers, they know they can’t be fired because they’re in the union.
Its a disgrace, I even heard a story of one guy that had pillows under his desk so he could have a snooze every afternoon when he got back from lunch!
10/24, 1:41 PM
posted by:
Lariat Luxury Locomotive Liner No.3
@Catiadesigner, these problems were brought to light decades ago and it is the failure of upper management for both parties that has lead to today’s situation.
10/24, 2:21 PM
posted by:
howsmydriving
The UAW, as all unions, will drive the company that employs its union members out of business. I have personally dealt with union rep’s (not UAW, though) and they absolute low lifes.
10/24, 4:27 PM
posted by:
yarddog82abn
MMUUUOOOOOO………………..
Andale!, Andale!, Toro!-Toro!
“El Matador” will finish you now……
10/24, 4:29 PM
posted by:
yarddog82abn
and it’s An-da-le not an-dale….
and Toro means Bull…
El Matador is the killer…
…your well come…
10/24, 6:01 PM
posted by:
mayer_ray_nagin
….. “These are truly unimaginable times for our industry,” Chrysler
….. CEO Bob Nardelli said to employees in a letter. “We continue to be in
….. the most difficult economic period most of us can remember.”
The problem is that the employees that do remember the last such difficult economic period are survivors of the Great Depression of the 30s, and it is precisely these employees that Chrysler will retain to design its next generation of cars.
10/24, 6:04 PM
posted by:
beatusmongous
Oye, Yard Dog, cuidate. Hay muchos bueyes aquí…
10/25, 11:25 PM
posted by:
Get Real
Soon all the employees left will be one president and 2 vice presidents and one secretary who should be able to assemble about 4 cars per day on the line.
10/26, 3:30 PM
posted by:
beatusmongous
^ And then their prices will go up because each car will be a special “hand built” model, and they will finally break even. Poor secretary. She’ll build 3 cars on the days where she will have to do “secretarial work”.