Chrysler to cut 25 percent of salaried work force


AP

DETROIT — Chrysler LLC said Friday it will cut 25 percent of its salaried work force starting next month, and the company warned that it will make more restructuring announcements in the near future. CEO Robert Nardelli said in a statement that the moves are being made as the company “works to find new ways to operate.”

Chrysler, which has about 18,500 white-collar workers, also will cut a quarter of its contract employees, those who work for other companies under contract with the automaker. About 5,000 workers are likely to lose their jobs, although the company would not say how many contract workers it has.