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THE ST. VALENTINE'S DAY MASSACRE
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Author:  underdog [ Feb Wed 14, 2007 6:47 am ]
Post subject:  THE ST. VALENTINE'S DAY MASSACRE
I hear over 10,000 people are getting the axe today at Chrysler :shock: :shock:
Author:  RICK MILLER [ Feb Wed 14, 2007 9:36 am ]
Post subject: 
:evil: :evil:
Author:  underdog [ Feb Wed 14, 2007 10:26 am ]
Post subject: 
AUBURN HILLS, Mich. (AP) -- About 13,000 Chrysler workers will lose their jobs under a plan designed to cut the struggling automaker's costs and return it to profitability by next year, it was announced today.

The plan also calls for closing the company's Newark, Del., assembly plant, and reducing shifts at plants in Warren, Mich., and St. Louis. A parts distribution center near Cleveland also will be closed.

Under the plan, 11,000 production workers -- 9,000 in the U.S. and 2,000 in Canada -- will lose their jobs over the next three years, and 2,000 salaried jobs also will be cut -- 1,000 this year and 1,000 in 2008.

The job cuts are the latest in a yearlong series of devastating cuts in the ailing domestic auto industry, which likely will lose more than 100,000 jobs in all.

The restructuring announcement was made in Auburn Hills, the home to DaimlerChrysler AG's U.S.-based operations.

DaimlerChrysler said its fourth-quarter earnings plunged 40 percent on weaker demand at the Chrysler unit, where sales fell 7 percent.

DaimlerChrysler's profit fell to $761 million, or 74 cents per share, as revenue slipped to $53.7 billion.

The job cuts at Chrysler will reduce by 400,000 the number of vehicles that operations can produce each year.

The Delaware plant, which makes the slow-selling Dodge Durango and Chrysler Aspen mid-sized sport utility vehicles, employs about 2,100 workers. Chrysler plans to close it in 2009, with a shift reduction this year.

The Warren truck plant, with 3,313 hourly employees, makes the Dodge Ram and Dakota pickups, which saw sales decline last year. Chrysler plans to eliminate a shift there this year.

The other plant to lose a shift is the St. Louis South assembly plant, which makes Chrysler and Dodge minivans. It has 2,850 workers and would lose the shift in 2008.

The Cleveland-area parts distribution center would be close sometime this year, Chrysler said.

DaimlerChrysler Chairman Dieter Zetsche said the company is looking into "further strategic options with partners" for Chrysler.

"In this regard we do not exclude any option in order to find the best solution for both the Chrysler Group and DaimlerChrysler," Zetsche said in a statement.


Closing


-- assembly plant in Newark, Delaware

-- parts distribution center near Cleveland

Reductions


-- shifts at Warren, Michigan, plant

-- shifts at St. Louis

-- dealer network
Author:  bbnova [ Feb Wed 14, 2007 12:24 pm ]
Post subject: 
I watched it on the news this morning... :shock:

Might be time to start looking for a new career... When Chrysler starts laying off that many and the Camaro is designed in Australia and built in Canada..... :cry:
Author:  underdog [ Feb Wed 14, 2007 12:40 pm ]
Post subject: 
It's too bad about the Camaro. Styling sucks, it's not going to sell very well because of it and also because everything is out of the country now will hurt sales and GM is too stupid to see this happening.
Author:  bbnova [ Feb Wed 14, 2007 12:48 pm ]
Post subject: 
Like I said, may be time to start looking at a new career...
Author:  RICK MILLER [ Feb Wed 14, 2007 1:43 pm ]
Post subject: 
bbnova wrote:
Like I said, may be time to start looking at a new career...


X2!!

Any suggestions?
Author:  underdog [ Feb Wed 14, 2007 1:53 pm ]
Post subject: 
My buddy is a DJ at a local strip club :lol:

He is paid $10 an hour cash and the girls are required to give him $5 a song to play while they dance. He's gotten smart and only plays about 1/2 a song, so he's able to fit in about 30 songs an hour, so he's being paid about $90 an hour tax free, now that's my kind of job :lol:
Author:  bfnjz52 [ Feb Wed 14, 2007 5:28 pm ]
Post subject: 
About 2500 in the Newark plant. That puts a big dent in the Northern Delaware economy. Plus...the plant uses a lot of local suppliers to meet the "just in time" requirements for parts. A lot of support companieswill close as well.
Author:  bbnova [ Feb Wed 14, 2007 6:00 pm ]
Post subject: 
So much for the middle class of America. Wait till the fallout happens.... :cry:
Author:  underdog [ Feb Thu 15, 2007 6:46 am ]
Post subject: 
Now they are saying GM is going to buy them :shock:
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