Friday, October 24, 2008

More Chrysler Cuts Coming

Chrysler to cut 25% of salaried workers, about 5,000 workers. Buyouts will include new vehicle vouchers, I guess that's one way to clear the cars off the lots. And of course the cuts in overhead and discretionary spending implies that something is close. If you're a salaried Chrysler employee and you get offered a package, how do you say no knowing that if you don't you will probably get the boot eventually anyway?

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