Chrysler To Cut 25% Of White Collar Staff
October 26th, 2008On top of yesterday’s news Chrysler plans to shut down the Delaware SUV plant that makes the Dodge Durango and Chrysler Aspen a year early is news this morning the automaker plans to cut 25% of their 18,500 white collar staff starting next month.
In his memo to staff announcing the cuts, Chrysler CEO Bob “The Builder” Nardelli outlined the Cerberus-owned company’s need to deal with these “unimaginable times” which we’ve determined is another way of saying ” Financiapocalypse ” as the reason for the cuts. Nardelli also outlined a need to cut discretionary and overhead expenses and reduce capital expenditures not related to major products. Hmm, all of this sounds eerily similar to the rumors we heard last week.
Well, the job losses part anyway. Full text of the note from “Bob” after the jump. Seriously, that’s how he signed it “Bob.” Seriously, we can’t make this stuff up.