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Latest Business News

Chrysler Cutting 13,000 Jobs

Thursday, February 15, 2007 2:28:59 AM
By TOM KRISHER

DaimlerChrysler AG chairman Dieter Zetsche is seen at the company's North American headquarters in Auburn Hills, Mich., Wednesday, Feb. 14, 2007. German-US auto giant DaimlerChrysler said it planned to axe 13,000 jobs at its loss-making Chrysler subsidiary as part of a broad restructuring plan aimed at returning the US unit to profitability by 2009.  (AP Photo/Carlos Osorio)AUBURN HILLS, Mich. (AP) - The next step for Chrysler in its quest to shed 13,000 workers and shrink its factory capacity is talks with the United Auto Workers union, where relations already are a bit strained.

Chrysler and its German parent, DaimlerChrysler AG, announced the job cuts Wednesday as part of a wrenching restructuring plan that will result in two facilities being closed and others losing shifts as the troubled company tries to shrink itself to reflect lower demand for its products.

The union already has refused to grant Chrysler the same health care concessions that it gave to its domestic competitors, something that the company said puts it at an unfair disadvantage.


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