Chrysler to Fire About 250 as It Trims 1,000 Jobs

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Chrysler to Fire About 250 as It Trims 1,000 Jobs (Update1)
By Mike Ramsey and Bill Koenig
Sept. 25 (Bloomberg) -- Chrysler LLC, cutting back as its U.S. sales shrink, said it will fire about 250 employees as part of a plan to eliminate 1,000 salaried positions by Sept. 30.
The rest of the reductions will be through buyouts and early retirements, the Auburn Hills, Michigan-based company said today in an e-mailed statement. Most of the dismissals will occur tomorrow, Chrysler said.
Firings weren't part of the plan when the automaker announced the reductions on July 23, saying they would take place through ``retirements, special programs and attrition.'' The cuts represent 5.4 percent of Chrysler's salaried workforce. Chief Executive Officer Robert Nardelli is scaling back after the company's U.S. sales slid 24 percent through August, more than twice the industry's 11 percent decline.
Chrysler, the third-largest U.S. automaker, relies more on pickup trucks, sport-utility vehicles and vans than any of its major competitors. Sales of those vehicles have fallen because of near-record gasoline prices. The automaker is owned by Cerberus Capital Management LP.
The Wall Street Journal reported the firings earlier today.