Most
of the Chrysler Group’s 2,700 white-collar layoffs are expected today, two weeks
before the company’s self-imposed March 30 deadline, the Detroit Free Press reported.

The newspaper said that spokespersons for the U.S. arm of DaimlerChrysler AG
would not confirm that today is layoff day, but several workers who spoke to
the Free Press said it will be today.

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An Auburn Hills worker told the Free Press that she had been told company computers
would be shut down on Thursday afternoon while a designer at the Jeep and Truck
Engineering facility in Detroit said workers were told their ID swipe cards
would allow them into the building only once today.

Employees told the newspaper that non-union salaried employees are scheduled
for 15-minute one-on-one meetings with a manager who will tell them their fate
and those laid off will be escorted immediately from the building.

To help laid-off workers get back on their feet, Chrysler has convinced the
state of Michigan to offer special stress-management and financial-planning
classes on top of the standard job-search help, the Free Press said.

Several companies, including Toyota Motor Sales and suppliers Visteon Corp.
and ArvinMeritor, have contacted DaimlerChrysler trying to hire newly available
workers, the newspaper said, quoting a spokeswoman.






To view related research reports, please follow the links below:-


DaimlerChrysler
Strategic Review


Global Car Forecasts to 2005



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