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.
