Wednesday, October 31, 2007

Chrysler to cut deeper: 1,000 managers targeted
Chrysler LLC is expected to slash at least 1,000 salaried workers, cut contract employees and trim manufacturing jobs in an effort to downsize payroll and production to match its shrinking U.S. market share, The Detroit News reports today. People close to the company tell the publication that Chrysler's board Tuesday approved the job cuts and possible factory shift reductions in addition to dropping four vehicles from its product lineup. The actions could include layoffs and shift reductions at plants building slower-selling models. People familiar with the situation said Chrysler will kill four vehicles from its lineup: the Dodge Magnum wagon, Chrysler Pacifica crossover, PT Cruiser hatchback and the Chrysler Crossfire roadster.

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