Tuesday, November 06, 2007
Chrysler cuts more jobs
Chrysler announced last week its intention of slashing 15 per cent of its workforce in the US, over 10,000 jobs.
The carmaker is also cutting overtime hours and reducing purchased services.
These cuts come after the company’s announcement of 13,000 job losses in February, which formed part of Chrysler’s three-year restructuring programme – about 6,500 of these jobs will have gone by the end of 2007.
The combination of these cuts amounts to about a quarter of Chrysler’s workforce since the start of 2007.
DATED: 06.11.07
FEED: MT
