In yet another cost-cutting move, Chrysler has stopped offering its tuition assistance program to employees, which allowed them to pay for higher education. The struggling automaker’s white-collar workforce was made aware of this in an email sent out on Tuesday.
“Considering current economic conditions, and consistent with our continuous actions to improve our business and return to profitability, we have had to make the difficult decision to indefinitely suspend the tuition-assistance programs for all salary” workers, the message read, according to a Detroit Free Press report.
Those employees who are already in classes or approved for them will still get their reimbursements, a Chrysler spokesperson said, but employees who are part-way through a degree program will need to find a different way of funding the completion of their program. “There will be no new course work approved,” spokesperson Max Gates said.
It is not known how many of the 14,400 eligible workers are affected by the move, and Chrysler has not revealed how much money the decision will save. Ford recently made a similar decision.
