A big blow in the automobile industry has happened. Chrysler announced that it will close down its plants in the United States for at least one month beginning on Friday (December 19). The move would certainly affect the 46,000 employees so the auto maker. This would mean they will have no work beginning Friday until January 19 of next year. While the company said the workers will receive payments, through a mixture of government unemployment benefits and company contributions, the amount will be less than the employee’s monthly salary.

Chrysler is usually stopping its production every year, around Dec. 24 to January 5, but this year’s one-month production stoppage is certainly a cause of concern. The company said they have to lenghten the production stoppage to ease the impact of the credit crunch, which affected the auto maker’s sales records and even the performance of the entire automobile industry.

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Posted by Jones on December 21st, 2008 :: Filed under $$$ COMPANIES, $$$ CRISIS, SIMPLY SCANDALOUS
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