Business News In Brief: Chrysler Financial Cuts Jobs

Chrysler Financial is reducing its workforce of more than 3,900 by 9%, part of a restructuring driven by declining vehicle sales, tight credit and the shift of Chrysler Group LLC's wholesale lending business from Chrysler Financial to GMAC.

BING NEWS:
  • 'Punch in the gut': Toledo's Mobis workers brace for layoffs, possible pay cut
    The Mobis dispute comes as union officials and hundreds of Toledo-area workers brace for job cuts both at the Jeep factory and a constellation of nearly a dozen local suppliers that are customers of ...
    12/6/2024 - 8:54 am | View Link
  • Carlos Tavares out as Stellantis CEO a year ahead of planned exit
    and union workers alike this year about his cost cuts, discontinuation of affordable car models, and shrinking profit margins. The Financial Times reported, in the wake of Tavares' resignation ...
    12/1/2024 - 9:41 am | View Link
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