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Posted: 11/1/2009 5:50:06 PM EST
Last Updated: November 1, 2009: 12:02 PM ET


NEW YORK (CNNMoney.com) –– Days before unveiling its latest recovery plan, Chrysler Group has extended a buyout program to 23,000 U.S. workers in an effort to further trim its workforce.

In a statement, Chrysler said workers have until Nov. 13 to accept the proposal, and that the company would determine who qualifies for it depending on operational needs. The company said termination dates would be at its discretion.

The automaker said special programs were being offered at facilities that are being forced to close as a result of the bankruptcy process that occurred earlier this year. The deadline for accepting those programs depends on the facility, Chrysler said.

Chrysler emerged from Chapter 11 bankruptcy protection in June, saying it would close some of its U.S. plants as part of the reorganization. Its ownership is a group that includes the Italian automaker Fiat, the U.S. government, the United Auto Workers union's retiree trust and the Canadian and Ontario governments.

On Wednesday, Chrysler will reveal its plans for the next five years, which are expected to include more collaboration with Fiat on cars similar to those sold by the Italian company in Europe.

Link Posted: 11/1/2009 6:56:08 PM EST
Why not. CIT files for chapter whatever and 2.5 billion goes down the tubes. Next will be the news papers and Air America.

We are about as close to being a third world shit hole as we can get without the rest of the working world dumping our dollar and going on some other currency.
Link Posted: 11/1/2009 6:57:43 PM EST
Just shut the doors already.
Link Posted: 11/1/2009 6:59:17 PM EST

Originally Posted By F350PSD:
Last Updated: November 1, 2009: 12:02 PM ET


NEW YORK (CNNMoney.com) –– Days before unveiling its latest recovery plan, Chrysler Group has extended a buyout program to 23,000 U.S. workers in an effort to further trim its workforce.

In a statement, Chrysler said workers have until Nov. 13 to accept the proposal, and that the company would determine who qualifies for it depending on operational needs. The company said termination dates would be at its discretion.

The automaker said special programs were being offered at facilities that are being forced to close as a result of the bankruptcy process that occurred earlier this year. The deadline for accepting those programs depends on the facility, Chrysler said.

Chrysler emerged from Chapter 11 bankruptcy protection in June, saying it would close some of its U.S. plants as part of the reorganization. Its ownership is a group that includes the Italian automaker Fiat, the U.S. government, the United Auto Workers union's retiree trust and the Canadian and Ontario governments.

On Wednesday, Chrysler will reveal its plans for the next five years, which are expected to include more collaboration with Fiat on cars similar to those sold by the Italian company in Europe.




Link Posted: 11/1/2009 6:59:34 PM EST
Originally Posted By Jerret_S:
Just shut the doors already.


this, how fucking far can this go?
Link Posted: 11/1/2009 7:02:17 PM EST
In before all the employess that say "no way!" then get shitcanned a week later without the buyout.
Link Posted: 11/1/2009 7:04:05 PM EST
Originally Posted By allenNH:
In before all the employess that say "no way!" then get shitcanned a week later without the buyout.



Take the buyout, take the 99 weeks UE. What a life.
Link Posted: 11/1/2009 7:04:10 PM EST


bahgdad bob is getting a real workout these days


Link Posted: 11/1/2009 7:11:41 PM EST
is it cheaper for fiat if they make the dodge challenger and other good vehicles in mexico, then import em for free via nafta?
Link Posted: 11/1/2009 7:39:14 PM EST
Originally Posted By F350PSD:
Originally Posted By allenNH:
In before all the employess that say "no way!" then get shitcanned a week later without the buyout.



Take the buyout, take the 99 weeks UE. What a life.

Take buyout...no UE.
Link Posted: 11/1/2009 7:44:51 PM EST
Chrysler is DOOMED. They lost and are losing more future customers every day we speak. Good Luck, your going to need it.
Link Posted: 11/1/2009 7:56:07 PM EST

Originally Posted By Jerret_S:
Just shut the doors already.

This. Dodge sucks anyway.
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