DaimlerChrysler plans to cut 13,000 jobs
{{date|February 14, 2007}}
[[File:DaimlerChrysler wordmark.svg|right|thumb|340px|[[w:DaimlerChrysler|DaimlerChrysler]]]]
International car company [[w:DaimlerChrysler|DaimlerChrysler]] announced today it would cut 13,000 jobs in North America. It could part ways with the loss-making business.

It also plans to cut two Chrysler plants in an attempt to make Chrysler business profitable by 2008.

About 9,000 production jobs will be cut in the U.S., 2,000 production jobs in [[Canada]], and 2,000 salaried jobs.

"It's hard to say if it's enough ... but the stock is reacting nicely, which is further verification that this is a favorable restructuring move and a much-needed one at Chrysler," said chief investment officer at Solaris Asset Management, Tim Ghriskey.

Following some speculation that the companies [[w:Daimler-Benz|Daimler-Benz]] (Mercedes-Benz) and Chrysler, which merged together in 1998 to make DaimlerChrysler, would split, chairman [[w:Dieter Zetsche|Dieter Zetsche]] denied allegations.

"We do not exclude any option in order to find the best solution for both the Chrysler Group and DaimlerChrysler."

== Sources ==
*{{source|url=http://today.reuters.com/news/articlenews.aspx?type=topNews&storyID=2007-02-14T204218Z_01_N14490382_RTRUKOC_0_US-DAIMLERCHRYSLER-restructuring.xml&WTmodLoc=NewsHome-C1-topNews-5
|title=Chrysler to cut 13,000 jobs, faces possible sale
|author=Kevin Krolicki and Michael Shields
|pub=Reuters
|date=February 14, 2007}}
*{{source|url=http://www.forbes.com/feeds/ap/2007/02/14/ap3427534.html
|title=Chrysler Cuts 13,000 Jobs
|author=Associated Press
|pub=Forbes
|date=February 14, 2007}}

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[[Category:North America]]
[[Category:Canada]]
[[Category:United States]]
[[Category:Transport]]
[[Category:Economy and business]]
DaimlerChrysler wordmark.svg|right|thumb|340px|DaimlerChrysler
International car company DaimlerChrysler announced today it would cut 13,000 jobs in North America. It could part ways with the loss-making business.

It also plans to cut two Chrysler plants in an attempt to make Chrysler business profitable by 2008.

About 9,000 production jobs will be cut in the U.S., 2,000 production jobs in Canada, and 2,000 salaried jobs.

"It's hard to say if it's enough ... but the stock is reacting nicely, which is further verification that this is a favorable restructuring move and a much-needed one at Chrysler," said chief investment officer at Solaris Asset Management, Tim Ghriskey.

Following some speculation that the companies Daimler-Benz (Mercedes-Benz) and Chrysler, which merged together in 1998 to make DaimlerChrysler, would split, chairman Dieter Zetsche denied allegations.

"We do not exclude any option in order to find the best solution for both the Chrysler Group and DaimlerChrysler."
North America Canada United States Transport Economy and business