Reply #30: Report: DaimlerChrysler To Ax 10,000 Jobs [View All]

[54anickel]

"Project X" Restructuring Plan Would Also Close Plants In Delaware And Michigan, Newspaper Says

http://www.cbsnews.com/stories/2007/02/05/business/main2434123.shtml

(AP) DaimlerChrysler AG's Chrysler arm plans to slash at least 10,000 hourly jobs and close plants in Newark, Del., and Detroit, according to a newspaper report.

The Detroit News reported Monday that the cuts will be disclosed when the German-American automaker makes public its restructuring plan Feb. 14. It cited unidentified people familiar with the plan, dubbed "Project X."

DaimlerChrysler also will propose sharing vehicle platforms and parts between its Chrysler and Mercedes brands as part of the plan, the newspaper said it was told.

The plan is to be unveiled to DaimlerChrysler's supervisory board for approval Feb. 13. It will be publicly unveiled the following day when the automaker releases its 2006 earnings, the newspaper report said.

DaimlerChrysler spokesman Mike Aberlich told The Associated Press on Monday that he could not comment on the plan or specific actions the company will take. He confirmed the company will present its "plan for recovery" Feb. 14.

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