The 850 employees at the Chrysler Group’s Kenosha engine plant will not be affected by the company’s aggressive new plan to change its business model, cut its costs and eliminate 13,000 jobs.
Company spokesman David Elshoff will be spared from the job cuts by the Chrysler Group, which also plans to make a $3 billion investment in its power train program. That investment will include new facilities to build engines, transmissions and axles, he said.
A site to build the new power train systems has not yet been selected. That announcement will be made soon, but Elshoff declined to elaborate.
DaimlerChrysler AG’s Chrysler Group today announced a three-year “recovery and transformation plan” that is designed to return the company to profitability by 2008.
The company also is taking steps to change its business model for the long run.
Chrysler will idle plants in Cleveland, Ohio, and Newark, Del., and cut shifts at plants in Warren, Mich., and St. Louis, Mo.
Chrysler Group president and chief executive officer Tom LaSorda outlined the plan at the DaimlerChrysler AG annual press conference this morning in Auburn Hills, Mich.
See more at http://www.biztimes.com/daily/2007/2/14/#kenosha-plant-escapes-chryslers-cuts