View Single Post
Old 11-01-2009, 10:14 AM
1970 Charger's Avatar
1970 Charger 1970 Charger is offline
Dodge Ram Forum Senior Member
Join Date: Jul 2009
Location: Illinois
Posts: 238
Gender: Male
Vehicle: 2009 Ram 1500 Crew Cab
Trim Level: Sport
Color: Deep Water Blue
Engine: 2009-2010 345ci (5.7L) Hemi V8 390hp 407lb/ft
Rep Power: 0
1970 Charger is on a distinguished road
Default Chrysler offers buyouts to 23,000 more employees

Chrysler offers buyouts to 23,000 more employees

October 31st, 2009 by Bill Cawthon

Chrysler Group continues to trim the ranks of hourly employees. The automaker confirmed Friday that buyout and early retirement offers went out to 23,000 workers represented by the United Auto Workers union. The offers include cash, vehicle vouchers and, depending on tenure and location, at least some pension and retirement health benefits. Special offers are being made to employees working at plants scheduled to be closed. Skilled trades and salaried employees represented by the UAW are not eligible for the program. Chyrsler spokeswoman Shawn Morgan declined to say how many employees the company hopes will take the offers by the deadline of November 13 and leave the company voluntarily.

Under the leadership of CEO Sergio Marchionne, the company is getting a top-to-bottom reorganization, but industry analysts say Chrysler may still need to close two more plants. A six-hour presentation scheduled for next Wednesday will detail the company’s plans to return to profitability in two years. It is expected the program will include more efficient manufacturing, better marketing and major changes to the vehicle lineup and organization. Early hints indicate Dodge cars will move to performance-oriented brand, Dodge trucks will become a brand in their own right and Jeep will targeted at increasing international sales. There are conflicting reports on the future of Chrysler itself, with some saying the brand will be the “family car” with a range of vehicles including the only minvan, while others maintain that Marchionne still wants to move the brand upscale
Reply With Quote
Sponsored links