Axe Falls On Chrysler Workforce

The worst has been confirmed for DaimlerChrysler's North American division, with the news that the Chrysler group will shed 13,000 jobs throughout the region and close at least one production plant. In the wake of a US$1.5bn operating loss for Chrysler in 2006, DaimlerChrysler chairman Dieter Zetsche claimed that the company would "not exclude any option" in finding the most suitable method of recovery for its ailing partner. This includes the possibility of a spin-off or new partners for the

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