NEW YORK (MarketWatch) -- DaimlerChrsler AG's (DCX :DCX, , ) Chrysler Group beat its targets for hourly and salaried job reductions during phase one of its three-year turnaround plan, the company said in a memo sent to employees Monday, The Detroit News reported on its Web site early Tuesday.
Chrysler, which lost $680 million in 2006 and is shedding jobs and sharply cutting vehicle production as part of its restructuring, has pared its salaried ranks by 1,100 through buyouts and retirement packages, exceeding its 2007 target by 100 jobs. On the blue-collar side, the company surpassed its target by 125 jobs, eliminating 6,000 positions at plants in the U.S. and Canada this year, the paper reports.
Chrysler is currently responding to an additional 400 blue-collar workers who applied for buyouts or early retirement. The requests are being considered on a plant-by-plant basis.
The Detroit News reported that the latest reduction leaves Chrysler with about 73,356 hourly and salaried employees. The automaker wants to cut a total 11,000 blue-collar and 2,000 white-collar jobs by 2009.