10-01..6:18 est..CNN--Chrysler plans to cut 5,000 workers..

The "money-honey" just reported , that due to sluggish sales, they are going to "press employees" to take an early -retirement, and the rest will be lay-offs.... Sheeesh..

Google updating stories

Not a very good sign:(


Chrysler to ask staff to take retirement offer-WSJ
Forbes - 3 hours ago
... The carmaker hopes that as many as 5,000 workers at several parts factors will accept the deal, said the Journal, citing the Detroit News. Chrysler did not ...
http://www.forbes.com/work/newswire/2003/10/01/rtr1095890.html
Ford Reportedly Planning to Cut 12,000 Jobs World-Wide

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Quicken - 12 hours ago
... The Detroit News reported Tuesday that Chrysler will seek to move as many as 5,000 skilled trades workers off the payroll with buyouts. ...
http://www.wsws.org/articles/2003/oct2003/uaw-o01.shtml

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New union contracts clear way for US automakers to cut 50000 jobs - World Socialist
Ford, Chrysler plan lay-offs to cut costs - Channel News Asia
http://www.channelnewsasia.com/stories/corporatenews/view/50303/1/.html

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Detroit Reacts to UAW Contract - TheCarConnection.com
and more »
http://www.thecarconnection.com/index.asp?n=156,175&sid=175&article=6472

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DCX workers ratify
http://www.zwire.com/site/news.cfm?newsid=10233069&BRD=982&PAG=461&dept_id=467992&rfi=6
Oakland County Press, MI - Sep 27, 2003
... The cutbacks will eliminate roughly 5,000 jobs. The company also will be allowed
to eliminate another 400 jobs at Chrysler Technical Center and Jeep Technical ...

Millions and millions of jobs lost.

I thought the massive tax rebate (Fraud) was designed to jump start the economy?


Edit: can't spell at 5 am sheesh

This is a recovery without jobs! The bllions that will be re-invested by the wealthy spending their tax cuts are going overseas. None of this money will create U.S. jobs. Rebuilding the Iraqi infrastrucure, that the U.S. needlessly destroyed, will serve only to further enrich the Halliburton shareholders. How about investing in the U.S. infrastructure?

Low (sic) productivity as official reason; the American budget deficit came up as possible inofficial reason in a talkshow yesterday .

You forgot your link..:evilgrin:


But of course, 5000 is bad enough and we know there will be way more than that.. That's all they feel "safe" enough to report..

What pisses me off is that every one of those jobs has a PERSON..a FAMILY..a MORTGAGE attached to it..:grr:

And a link for you:
http://www.spiegel.de/wirtschaft/0,1518,267852,00.html

I'm sure stock prices will jump right up after the worker firings.

They will "threaten" a lot of workers who "just happen to be in their late 40's or early 50's".. These are the guys who have kids headed off to college, mortgages, elderly parents..you know.. the "icky-hard-to-afford" stuff.. They will be pressured into an early retirement, and then probably not be able to afford the shitty healthcare options, so just when they NEED it most, they will be oon their own..

I had this very thing happen to a friend of mine who worked at Lockheed.. He had worked there since he was fresh out of college.. It was the only job he ever had.. He loved it there, and was well reviewed and liked, and WHAM.. they "eliminated" his whole section, and out he went.. They acted like they were doing him a favor..

He was severely depressed for months, and now is working at about 1/3 of what he made before..

He was so worried, that in about 7 months he went completely gray, and lost about 30 lbs.. He was 53 at the time, and like he said, what the hell am I supposed to do for the next 11-12 years.. His 401-k was the only hope they had and now their nest egg is pretty small..

Companies that lay off so cavalierly, are the evil ones..:(

<They will be pressured into an early retirement, and then probably not be able to afford the shitty healthcare options, so just when they NEED it most, they will be on their own..>

When you are healthy and working you get health care, if it is available to you. When you get sick, become disabled and can't work, you lose it. Funny how that works.

is starting to surge!!