Sunday, October 26, 2008

Chrystelr Cuts Job 2

http://money.cnn.com/2008/10/24/autos/chrysler_cuts/index.htm?postversion=2008102413

The cuts, about 5,000 workers in total, will come from Chrysler's salaried and supplemental workforce. Chrysler has about 18,500 white-collar workers.

Salaried workers, which will will make up a majority of the job cuts, will be offered buyouts and early retirement packages, said Chrysler spokesman David Elshoff. Supplemental workers, employees of outside contractors who work at Chrysler, will not be offered packages, he said, but those workers make up only a small number of the cuts.


My Response: Chrystler plans on cutting 25% of their working, which puts them ahead GM. Unlike GM, Chrystler is providing package deals to salaried workers to that they are not left hanging dry. Also, they aren't cutting production workers, which also differentiates their cut back tactics from GM. Chystler is definitely thinking smart.

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