Chrysler to cut 12,000 US jobs
Car giant Chrysler says it will cut up to 12,000 US jobs and remove four models from its line up.
The move stunned workers, with the ink barely dry on a new four-year contract, and suggested the now-private Chrysler would not hesitate to cut production and jettison vehicles that were not selling well.
Chrysler says it will axe 8,500 to 10,000 hourly jobs and 2,100 salaried jobs through 2008, or about 15% of its workforce. The cuts come on top of 13,000 Chrysler redundancies announced in February.
