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The Freep reports that Chrysler will cancel a planned two-week furlough for workers this summer. “The company found savings in the [bankruptcy] process that rendered the furloughs unnecessary,” say Chrysler spokesfolks. “It’s another reason why it’s good news to have bankruptcy in our rear-view mirror.” The canceled furlough will cost $32 million. But is saving money during bankruptcy a reason to not save money outside of bankruptcy? Or is there still no sense of urgency to pay back those taxpayer “loans”?
10 Comments on “Chrysler Cancels Worker Furloughs...”
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Well, when the workers own more than half the company…
I hate change, so I’m happy to see that idiots are still in charge of the company’s finances.
Today’s WSJ has an article about Marchionne’s changes, which include getting the Grand Cherokee back on schedule, putting his office inside management and engineering and expecting his team to be in the office on Saturdays and Sundays for the foreseeable future.
People at Chrysler are now WORKING on making cars under a management team that wants to win, something that hasn’t been around Auburn Hills for about a decade. Is that good news or is there a cynical aspect I’m missing?
Where would we be if we weren’t cock full of unbridled cynicism?
Ok, great. What are they going to build and who are they going to sell it to? My understanding was that they’re still struggling to move the backlog of cars they’ve already built.
I hope they are building Journeys. No, I am not making that up. The streets where I live (a suburb north of Toronto) are full of new Journey’s. More so than new Caravan. Make hay while the sun shines!
This is a morale boosting issue.
Nothing to see here, please move along.
If the giant parking lots full of unsold finished products have been emptied, this is a great sign deserving of plaudits.
If not, well, then, this just the union collecting full salary at the expense of non-union shareholders.
(That would be you, dear taxpayer).
This isn’t going to be Chrysler’s last bankruptcy.
If I had to guess, I would say that the 2 week summer layoff had been planned before the bankruptcy, but was rendered unnecessary by the 6 week layoff that happened upon the bankruptcy filing.