Nov 16th, 2007 by RJ Menezes
Chrysler LLC plans to cut about 12,000 jobs in an effort to bring down it’s costs. That equal about 15% of it’s workforce both here in the United States and in Canada.
This comes merely days after the United Auto Workers ratified a four-year contract with the company. The automaker said Thursday it will cut 8,500 to 10,000 hourly jobs through 2008 and reduce salaried employment by about 2,100. It will eliminate shifts at five North American assembly plants including the Brampton, Ont., large-sedan factory.
All of this is part of a major re-structuring plan set in motion earlier this year when newly renamed Daimler AG sold 80.1 per cent of the North American automaker to private equity firm Cerberus Capital Management LP.
In the same time frame during the next year the company plans to add two new products, the Dodge Challenger sports coupe to made in Brampton, and the Dodge Journey crossover. It also plans to roll out hybrid models of the Chrysler Aspen and Dodge Durango sport utility vehicles.
We’ll just have to see if all of this drama will be worth it or not, ’cause it sure is pissing alot of people off.