Chrysler Has Shut Down All Production

Reply Wed 17 Dec, 2008 07:29 pm
Supposedly for a month only.
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Reply Wed 17 Dec, 2008 07:30 pm
NEW YORK (CNNMoney.com) -- Chrysler LLC announced late Wednesday that it is stopping all vehicle production in the United States for at least a month.

All 30 of the carmaker's plants will close after the last shift on Friday, and employees will not be asked to return to work before Jan. 19.

Chrysler blamed the "continued lack of consumer credit for the American car buyer" for the slow-down in sales that forced the move.

The company ordinarily shuts down operations between Dec. 24 and Jan. 5. This closure would add roughly two weeks to that shutdown.

Chrysler would not say how many fewer vehicles would be produced because of this shutdown. A total of 46,000 employees will be affected. They will be paid during the time off through a combination of state unemployment benefits and Chrysler contributions, but they will not receive the full amount of their working pay, a Chrysler spokesman said.

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Reply Wed 17 Dec, 2008 07:46 pm
Premature headline. Friday, actually.
Reply Wed 17 Dec, 2008 07:47 pm
GM Faifax in KCK is taking a month holiday, and Ford in Claycomo, MO is considering it...
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Reply Wed 17 Dec, 2008 08:11 pm
I was hoping they would figure something like this out.
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