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Chrysler to Cut Four Models, Up to 10,000 Hourly Jobs

November 1, 2007
Related Topics: Downsizing, Future Workplace, Latest News
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Ending days of speculation, Chrysler said Thursday, November 1, that 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.

Another 1,000 salaried jobs also are being cut along with about 37 percent of its contractors, the company said. Chrysler will also eliminate hourly and salaried overtime.

The automaker will drop shifts at five North American plants and will drop from its model lineup the Dodge Magnum, the Chrysler PT Cruiser convertible, the Chrysler Pacifica crossover and the Chrysler Crossfire convertible.

Meanwhile, Chrysler said it will add two all-new products to its portfolio: the Dodge Journey crossover and Dodge Challenger coupe, along with two new hybrid models—the Chrysler Aspen and Dodge Durango SUVs.

“The market situation has changed dramatically in the eight months since Chrysler established the Recovery and Transformation Plan as its blueprint,” Chrysler CEO Bob Nardelli said in a statement.

Filed by Bradford Wernle of Automotive News, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

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