Chrysler foresees no significant jobs cuts in its operations in Europe, Middle East and Africa but has put a freeze on new hires for the time being, a company official said on Wednesday.
Chrysler on Tuesday requested another US$2bn in US federal loans on top of $7m already requested and submitted a restructuring plan that included reducing capacity and 3,000 job cuts to the US Treasury.
“I can’t confirm that there will not be any layoffs, but I don’t see any significant layoffs (in Europe, Middle East or Africa), but there is a freeze on hiring with exceptions,” Thomas Hausch, vice president of international sales, told Reuters in Dubai.
Sales in the Middle East grew 18% year on year in 2008 slowing from 24% in 2007, Hausch added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData