Chrysler LLC, the third-largest U.S. automaker, will eliminate 25 percent of its salaried workforce, or about 4,300 jobs, starting next month as part of efforts to trim costs as sales slump. The cuts will be completed by year's end, the Auburn Hills, Michigan-based company said today in an e-mailed statement. Chrysler, with 17,332 salaried employees as of Sept. 30, also said it plans more ``organizational and restructuring'' changes.
Today's retrenchment plan came a day after Chrysler said it would end 1,825 jobs by closing a sport-utility vehicle plant in Newark, Delaware, and chopping a shift at a Jeep plant in Toledo, Ohio. Chrysler is fighting a 25 percent decline in U.S. sales this year, the most of any major automaker.
``These are truly unimaginable times for our industry,'' Chief Executive Officer Robert Nardelli said in the statement. He said ``additional organizational and restructuring announcements'' are planned ``in the near future,'' without giving details.
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