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Chrysler shutting down for one month

Post Time:Dec 18,2008Classify:Industry NewsView:116

Closer look: About 2.5 million American jobs in dangerGlass MagazineWhat would you do with the Big Three?glassblog

Struggling U.S. automakers are launching a round of severe cutbacks as they wait for a government rescue, with Chrysler saying yesterday it will idle all 30 of its U.S. factories for one month. Chrysler's plants will furlough 46,000 workers beginning Friday, as a planned two-week holiday shutdown is extended to a month and possibly longer. The company, which has told Congress it needed $7 billion to survive the month, also told dealers that it may suspend financing for new cars in a bid to conserve cash.

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Source: http://www.glassmagazine.com/news-item/auto/chrysler-shutting-down-one-monthAuthor:

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