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Chrysler could see further job cuts

Even if DaimlerChrysler AG sells its Chrysler unit to a labor-friendly private equity buyer, it may still cut 25,000 jobs, a leading brokerage told the Detroit Free Press.
Chrysler Group, which lost $1.5 billion last year, already has announced plans to cut 13,000 jobs in the next three years in hopes of returning to profitability.
Lehman Brothers analyst Brian Johnson said that number could grow to 25,000 and the plan could include health care concessions from U.S. autoworkers.

Posted by   at 10:56 AM to Companies | Permalink

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