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Job Cuts at Chrysler Go Even Deeper Than Expected

New York Times Original article ›

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Chrysler's job cuts would reduce its 2006 work force of 80000 employees by 30%. These are deep cuts, about 11000 cuts were announced yesterday and these are in the Michigan, Ontario, and Ohio plants. Sales for Chrysler are down 3% so far this year, but October sales were down 12.5 % on an adjusted basis compared to 2006.

The new Chrysler that is emerging from bankruptcy with government help under Fiat's Marchionne.

11/10/2006

Marchionne has kept many of the managers from the previous Chrysler. Jim Press is deputy CEO and adviser. He came from Toyota. Everything else will change. He is flattening the organization structure to improve communication and speed. Smaller car lineup will replace the prior lineup, and Fiat's engine technology will provide help for fuel efficient cars.

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Chrysler tried in vain to sell parts to Chinese, form partnerships

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