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XDCX · 03-13-2008, 03:39 PM

The most recent set of news reports have verified that Chrysler's Summer Shut Down will affect both Salary and Hourly employees.

Certain portions of the company will remain open to support Dealer and Customer needs.

The Summer Shut Down is a first for Chrysler and most see it as another attempt to cut costs. One analyst suggested that Cerberus may be taking more drastic steps because the task of lowering costs has been more difficult than they had expected.

Here's a link to the most recent news report: http://www.chron.com/disp/story.mpl/ap/fn/5617518.html

03-13-2008, 03:39 PM	#2
XDCX Administrator Join Date: Nov 2007 Posts: 14,869	Summer Shut Down - Weeks of July 7 and July 14 The most recent set of news reports have verified that Chrysler's Summer Shut Down will affect both Salary and Hourly employees. Certain portions of the company will remain open to support Dealer and Customer needs. The Summer Shut Down is a first for Chrysler and most see it as another attempt to cut costs. One analyst suggested that Cerberus may be taking more drastic steps because the task of lowering costs has been more difficult than they had expected. Here's a link to the most recent news report: http://www.chron.com/disp/story.mpl/ap/fn/5617518.html