Thursday, September 24, 2009

Chrysler prepares to rehire some employees

After 35,000 job cuts in the past two years and a bankruptcy that shifted control to Italy's Fiat SpA, Chrysler Group is preparing to rehire an unspecified number of salaried workers and ask current workers to put in overtime to get new models to market by mid-2011, according to people familiar with the company's plans.
Chrysler and Fiat Chief Executive Officer Sergio Marchionne is to present a five-year plan to the company's board of directors Friday. If the board approves, he will submit the plan to President Barack Obama's auto task force next week, said company insiders....More

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