Valentines Day Massacre? Chrysler Axes 13,000 Jobs

The Chrysler Group will slash 13,000 jobs, close one assembly plant and eliminate shifts at two others in a broad restructuring aimed at returning the U.S. division of DaimlerChrysler AG to profitability in 2008.

The "recovery and transformation" plan announced today also leaves the door open for Chrysler to possibly be sold or aligned with strategic partners in the future, according to the DaimlerChrysler supervisory board.

Chrysler said it plans to reduce its hourly employment by 11,000 jobs -- 9,000 in the United States. and 2,000 in Canada -- over the next three years. About one-half of the reductions will be effective this year.

In addition, Chrysler will reduce its salaried employment by 2,000 positions over the next two years, with the first 1,000 job cuts coming in 2007.


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Agent004 - 2/14/2007 11:47:03 AM

+2 Boost

What a shame it would be for Mercedes to lose that gem.

EL34 - 2/14/2007 1:07:17 PM

+2 Boost

That's OK, because those UAW's will be just as happy working at a grocery store or driving garbage trucks.

Just as long as they get a paycheck, is all they care about.

Sauceboy01 - 2/14/2007 1:59:12 PM

+1 Boost

BRAVO CHRYSLER!!

GET RID OF YOUR TRASH!!

DiamondJim - 2/14/2007 6:13:56 PM

+1 Boost

i drove the dosge charger yesterday, MAN my heart was pumping! i was passing everyone especially the 5 series guys, the engine was so torquey! shame if they dump dodge, i know understand why the muscle car guys are so fanatical about their cars.

S4cabriofoxone - 2/14/2007 9:41:40 PM

+2 Boost

The Charger is very cool... were you driving the HEMI, or even the SRT8?

It's not too hard to pass people driving 5ers. They're usually just in it for the badge.

The Challenger is disappointing. Hideous rear fenders.

DiamondJim - 2/14/2007 6:13:59 PM

0 Boost

i drove the dodge charger yesterday, MAN my heart was pumping! i was passing everyone especially the 5 series guys, the engine was so torquey! shame if they dump dodge, i know understand why the muscle car guys are so fanatical about their cars.

truckmen - 2/15/2007 12:55:12 AM

+1 Boost

I feel for those employees that have lost there jobs! Employment Inshurance is a very humiliating expirience! I believe the cuts should be on all the brass! They are the reason Chrysler is failing and I bet they are not getting any cuts! I am not a huge Dodge fan but you have got to love the Dodge Power Wagon and the Hemi Charger! Chrysler should extend there warante to be more competitive.For the ex Chrysler employees Maybe they could get a job at Honda? We should wish them all the best of luck.

tecnopolis - 2/15/2007 5:56:12 AM

+1 Boost

Where's Lee Iacocca?

M53R - 2/15/2007 9:03:32 AM

+2 Boost

Those poor union workers have to find another job, just because chrysler isnt doing well.