Friday, November 02, 2007

The Chrysler Shakeup continues

Chrysler cuts four models, five shiftsUp to 10,000 hourly jobs and 1,000 salaried jobs being cut; overtime eliminated
Bradford Wernle Automotive News
Chrysler LLC, ending days of speculation, said today it will slash 8,500 to 10,000 hourly jobs before the end of 2008 and cut four vehicles from its lineup as it restructures under the ownership of Cerberus Capital Management LP.
Another 1,000 salaried jobs also are being cut, along with about 37 percent of its contract workers, the company said. Chrysler also will eliminate hourly and salaried overtime.
The cuts in the hourly workforce would equal about 17.5 percent of the company's 57,000 union employees in the U.S. and Canada.
Chrysler will drop shifts at Belvidere (Ill.) Assembly, Jefferson North in Detroit, Toledo (Ohio) North, Brampton (Ontario) Assembly, Sterling Heights (Mich.) Assembly and Mack Avenue Engine Plant II in Detroit. Three of the five plants will eliminate a third shift: Belvidere, Toledo and Brampton.
Chrysler will cut the Dodge Magnum, the Chrysler PT Cruiser convertible, the Chrysler Pacifica crossover and the Chrysler Crossfire convertible.
In the same time frame, Chrysler said it will add two products: the Dodge Journey crossover and Dodge Challenger coupe. It also will add two hybrid SUVs, the Chrysler Aspen and Dodge Durango.Read more at

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