Chrysler is not joking around.....
#1
03-13-2008, 02:55 PM
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Chrysler is not joking around.....
Personally I think Cerberus aquisition of Chrysler is a good thing.... They are looking for the survival of the company. I think it sucks for the employees, but in the long run, it may create more job security for them. WOW.....
Chrysler plans two-week July shutdown
By David Bailey1 hour, 26 minutes ago
[/align][/align]Chrysler LLC said on Thursday it would shut all but its most essential operations worldwide for two weeks in July, a first for the struggling No. 3 U.S. automaker as it attempts to cut costs and preserve cash.
Chrysler, which is in a restructuring that includes trimming some vehicle lines and offering buyouts to its 44,000 U.S. hourly workers, lost $1.6 billion in 2007.
The automaker has been accelerating its restructuring efforts since Cerberus Capital Management LP acquired a nearly 80 percent stake from Daimler AG (DAIGn.DE) last summer.
The broad shutdown of Chrysler operations during the weeks of July 7 and July 14 was announced to employees in an e-mail from Chief Executive Bob Nardelli.
Nardelli said the move was needed to help Chrysler to create "efficiency across organizational lines and boost productivity."
Chrysler, General Motors Corp (GM.N) and Ford Motor Co (F.N) typically idle U.S. plants in early July for vacations and shut individual manufacturing operations at various times to retool when they have car and truck model changeovers.
The U.S. auto market has slumped by a wider margin than most analysts had anticipated last summer, when Cerberus completed its acquisition of its majority stake in Chrysler. The company has indicated that it is trying to step up its restructuring efforts in response.
Nardelli has repeatedly said that the automaker would focus on bolstering its cash position, and Chrysler has taken a number of cost-cutting steps in recent weeks.
Chrysler announced last week that it was shutting a design studio outside San Diego it has maintained since the early 1980s.
The automaker has also taken a hard line in negotiations since late last year with bankrupt parts supplier Plastech Engineered Products Inc in an effort to steer clear of a more expensive bailout for the privately held company.
Chrysler's U.S. sales are down almost 13 percent in the first two months of the year.
Chrysler spokeswoman Mary Beth Halprin said the automaker would remain staffed in some areas to support its sales network during the summer shutdown.
GM spokesman Dan Flores said the No. 1 U.S. automaker planned to idle its U.S. plants during the first two weeks of July this year as it has in the past.
Ford is also planning a two-week shutdown of its North American assembly plants in July, similar to past years, spokeswoman Angie Kozleski said.
(Additional reporting by Karey Wutkowski)
(Reporting by David Bailey, editing by Mark Porter and Gerald E. McCormick)[/align][/align]
Chrysler plans two-week July shutdown
By David Bailey1 hour, 26 minutes ago
[/align][/align]Chrysler LLC said on Thursday it would shut all but its most essential operations worldwide for two weeks in July, a first for the struggling No. 3 U.S. automaker as it attempts to cut costs and preserve cash.
Chrysler, which is in a restructuring that includes trimming some vehicle lines and offering buyouts to its 44,000 U.S. hourly workers, lost $1.6 billion in 2007.
The automaker has been accelerating its restructuring efforts since Cerberus Capital Management LP acquired a nearly 80 percent stake from Daimler AG (DAIGn.DE) last summer.
The broad shutdown of Chrysler operations during the weeks of July 7 and July 14 was announced to employees in an e-mail from Chief Executive Bob Nardelli.
Nardelli said the move was needed to help Chrysler to create "efficiency across organizational lines and boost productivity."
Chrysler, General Motors Corp (GM.N) and Ford Motor Co (F.N) typically idle U.S. plants in early July for vacations and shut individual manufacturing operations at various times to retool when they have car and truck model changeovers.
The U.S. auto market has slumped by a wider margin than most analysts had anticipated last summer, when Cerberus completed its acquisition of its majority stake in Chrysler. The company has indicated that it is trying to step up its restructuring efforts in response.
Nardelli has repeatedly said that the automaker would focus on bolstering its cash position, and Chrysler has taken a number of cost-cutting steps in recent weeks.
Chrysler announced last week that it was shutting a design studio outside San Diego it has maintained since the early 1980s.
The automaker has also taken a hard line in negotiations since late last year with bankrupt parts supplier Plastech Engineered Products Inc in an effort to steer clear of a more expensive bailout for the privately held company.
Chrysler's U.S. sales are down almost 13 percent in the first two months of the year.
Chrysler spokeswoman Mary Beth Halprin said the automaker would remain staffed in some areas to support its sales network during the summer shutdown.
GM spokesman Dan Flores said the No. 1 U.S. automaker planned to idle its U.S. plants during the first two weeks of July this year as it has in the past.
Ford is also planning a two-week shutdown of its North American assembly plants in July, similar to past years, spokeswoman Angie Kozleski said.
(Additional reporting by Karey Wutkowski)
(Reporting by David Bailey, editing by Mark Porter and Gerald E. McCormick)[/align][/align]
#2
03-13-2008, 03:34 PM
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RE: Chrysler is not joking around.....
exactly what i said in off-tpoic...
ORIGINAL: HighDuke1911
well, its not what it seems im assuming. i mean, it is to save $$, but its also in part that vacation thing i suppose. i know many, many people who worked/work at GM in parma, ohio who got these 2 weeks vacations. so maybe chrysler is doing the that. the article does say that the big 3 do that. but it says usually in july. so i dunno. hopefully its a good thing.
well, its not what it seems im assuming. i mean, it is to save $$, but its also in part that vacation thing i suppose. i know many, many people who worked/work at GM in parma, ohio who got these 2 weeks vacations. so maybe chrysler is doing the that. the article does say that the big 3 do that. but it says usually in july. so i dunno. hopefully its a good thing.
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03-13-2008, 03:53 PM
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#4
03-13-2008, 04:56 PM
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03-13-2008, 05:08 PM
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#6
03-13-2008, 07:28 PM
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RE: Chrysler is not joking around.....
yeah i should be ok...the department i work in makes all the new builds for the StarSCAN for the mfg plants and dealers, so i'm pretty sure i'm ok lol...just sucks is all....yeah i think i'm gonna take those 2 weeks and go home...might stay up here and work on the ole truck tho...only time will tell
#7
03-14-2008, 01:42 AM
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#8
03-14-2008, 01:01 PM
RE: Chrysler is not joking around.....
the big three business jet mfg in Wichita, Ks take from xmas to new years off every year. The only thing open during that time is the service centers for the customers, but the factory floor is shut down. During hard years the floor also shuts down for a week in the summer.
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03-14-2008, 04:35 PM
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