All About Racing

Chrysler announced on Friday, October 24^th, that they were indeed going to lay-off 25% of their salaried work force as a start in a large series of planned budget cuts to keep up with the sinking stats of U.S. automotive sales. Chrysler has an estimated total of around 18,500 white-collar employees, and the budget planning will affect about 5,000 employees of that overall total. Those being released actually work for other companies and are simply under contract with Chrysler.

“We recognize that in order to strengthen our competitive capability, and reduce the time and cost to achieve our objectives, we