January 12th, 2010 by Bill Cawthon
Former Chrysler CEO Robert Nardelli slashed engineering jobs, essentially gutting the staff to the point there could be no new product development. Now new CEO Sergio Marchionne has Chrysler’s HR department working feverishly to rebuild the ruins left by Cerberus.
According to a report in Automotive News, Chrysler has already hired 600 engineers and is looking [...]
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December 2nd, 2009 by Bill Cawthon
Chrysler has ended the policy instituted under Cerberus Capital Management that required salaried employees to take their vacation during the two-week summer plant shutdown.
Put in place as a cost-cutting measure under previous CEO Robert Nardelli, the policy was unpopular and created hardships for some families.
The policy broke down this year as the break came soon [...]
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July 25th, 2009 by Bill Cawthon
In 1979, General Motors employed about 618,000 people. By the end of 2009, it will have eliminated more than 90 percent of those positions.
Another round of buyout offers ended yesterday. Any employee agreeing to leave could get $20,000 in cash and a $25,000 vehicle voucher. Workers with more than 20 years with GM can get [...]
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July 20th, 2009 by Bill Cawthon
Since January, Chrysler LLC and Chrysler Group LLC have shed more than 4,700 employees or about 8.7 percent of its workforce.
Yesterday, the company released figures showing it had 49,637 hourly and salaried employees as of July 1. It had about 54,400 in December 2008. Employee buyout programs are credited with helping the automaker reduce its [...]
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May 18th, 2009 by DaveAdmin
Workers at factories that are to be closed or sold have been offered early retirement. The plan covers hourly workers at Sterling Heights, Conner Avenue, St. Louis North, St. Louis South, Twinsburg Stamping, and Kenosha Engine; those whose combined age and years with the company are more than 85 years, and who are over 60 [...]
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May 14th, 2009 by DaveAdmin
A small number of Chrysler employees have had bounced checks, due to the “extraordinary circumstances” of the bankruptcy. The problem mainly affected those receiving paper checks, though it appears some EFTs failed. Employees have been given a letter for their banks to ask for fees to be waived.
Some employees have apparently also had an issue [...]
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