I just heard a report on Fox about Chrysler shaving a mere 26,000 employees out of the ranks over the next few years and closing 6 plants, I think the number was...

Boy I was really hoping that Daimler could turn that mess around...too bad it has to happen this way. It's not looking too good for Chrysler!

 

Kinda hard to miss that news. I really wish it wasn't so. I don't want to believe that there is a downturn in the economy. Not to mentioned all those jobs. They are scalling back in canada as well. I guess the PT couldn't save them

 

Yep!!! Pretty sad...Other companies are going thru the same thing (Lucent, CNN, etc) but Chrysler is most dramatic. I guess they have to do whatever to maximize profit.

 

You could guess this might be coming when you first heard that joke - you know, the one that goes, "How do you pronounce Daimler-Chrysler? Answer: The Chrysler is silent!"

 

It's truly amazing what happens when you have a merger of equals, huh? Chrysler had a "Dream Team", 12 executives that pulled Chrysler out of trouble the last time. The last of that team left within the last month or so.
The only thing that I think can save Chrysler is to spin them back out and let visionaries back in to run the comapny again. It's been done twice before, it can be done again, but not by people who are too arrogant to understand what needs to be done.

Sorry for the rant.

 

I understand that the Chrysler lost about $1.8 billion in the last half of last year. I'm sure that kind of loss would put a lot of companies in a very bad situation. I feel sorry for all of the people that are loosing their jobs. I guess some of you guys should have bought a Chrysler instead of the S.

 

Hopefully after the fed cuts the fund rates tomorrow, companies will let up on their lay-offs. It will be good for everyone.

 

That great German management style showing through!!

 

Am I wrong or isn't MB having a record year?
I have heard there numbers are almost the highest they have ever been. Kinda makes you go hmmmmm...

 

But there's more...

1) The engineer responsible for the Viper is moving to Saleen. Kinda forgot his name.


2) Everybody else is leaving for somewhere...

From the Detroit news...
DETROIT -- Chrysler Group's nervous salaried workers are burning up the fax lines to recruiters and executive search firms.
Local headhunters say they're being inundated with resumes from middle-managers and engineers from DaimlerChrysler AG's U.S. unit. At the same time, suppliers and rival automakers are clamoring to get a look at the new available talent.
"This is the most significant influx of resumes and interest I can recall since the late 1980s," said Ron Woods, director of Spherion Professional Recruiters in Troy. "And the interesting thing is, we're seeing people who are not necessarily going to be affected by downsizing. They are experienced, mid-level managers, but they know that opportunities to grow up in the DCX organization are going to be (stalled) for a long while."
DaimlerChrysler said Monday it plans to trim 6,800 Chrysler salaried jobs through attrition and firing. Woods and others said their call volume picked up immediately.
"It started last month but it's really increased in the past few days," said Bob Millman, president of Autopro Technical Recruiting in Oak Park.
"Resumes from candidates I would not in the past have even dreamed of being able to shake loose from Chrysler are now showing up on my desk. I'm salivating."
Skilled, experienced employees should have no difficulty finding another post, the recruiters say. Millman said components makers are already calling him to publicize job openings, and that Ford Motor Co. and several of the transplanted foreign carmakers are still hiring.
Displaced Chrysler workers may be in for a reality check when it comes to compensation, though.
"A number of them are going to have to lower their sights in terms of pay," Millman said. "Packages at the automakers are about 20 percent to 25 percent above what suppliers pay. A guy making $85,000 plus leasing perks at DCX may be paid $75,000 at a supplier with no car privileges."
Woods, himself a former Chrysler employee, agreed.
"Under normal circumstances (these) people are much more difficult to lure away, because they are the highest-paid employees in this marketplace," he said. "You can have a manager with three direct reports earning total compensation of more than $200,000. So when we get mid-level auto people looking for another opportunity, they generally have to seek a director or vice-president position in another company to get the same pay."




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