Chrysler to cut some 4,300 jobs

Chrysler plans to cut its salaried workforce by 25 per cent starting next month, the company announced.
A Chrysler statement did not identify how many jobs the automaker is eliminating, but spokesman Michael Palese said the cuts will total 25 per cent of the company’s salaried workforce.
Chrysler, according to its most recent figures, employs about 17,332 salaried workers, so the cuts could total more than 4,300 jobs.
The cuts will start with voluntary retirements and buyout programs, but will include layoffs by the end of the year. New buyout programs will include “enhanced benefits,” a Chrysler statement said, including cash and new-vehicle vouchers.
The company also told employees it will “cut back on all discretionary and overhead expenses and reduce capital expenditures not connected to major product programs.”