American auto-maker Chrysler, seeking federal aid to stay in business, may not need firings to meet a goal of cutting 25 percent of its salaried workforce, as employees take incentives to leave.
Chrysler expects “minimal, if any, involuntary layoffs come the end of next month,” a spokesperson said today, adding that she didn’t have a total of those leaving. A 25-percent reduction would be 4,300 salaried jobs.
Even with the cuts, Michigan-based Chrysler may not survive without government intervention. Michigan’s unemployment rate is 9.3 percent, the highest since 1992.
Buyout and early-retirement incentives to salaried workers include as much as $75,000 in cash, six months of health care and a $25,000 coupon to purchase a car. The 25 percent goal for salaried-workforce reductions was announced October 24th.
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