Chrysler announced that it will cut 25% of its white-collar workforce of 17,300 by the end of the year through early retirements and buyouts. The announcement follows yesterday’s news that it would lay off 6% of its hourly workforce by shuttering a plant in Delaware and slowing production at one in Ohio. Chrysler’s sales are down 25% for the year.
- Thursday Links: Buffett, Chicago/Illinois, Atlanta Teachers April 9, 2015
- Siding with Wall Street’s “Winners” March 27, 2015
- Macroeconomics in the Age of Climate Change March 23, 2015
- New Issue! Farms Today–a collaboration with Farm Aid March 13, 2015
- Links on SYRIZA-Eurogroup Agreement February 26, 2015
at a 30% discount.
TagsAbby Scher Adidas Alejandro Reuss austerity Bill Barclay Bill Black Cambridge Controversy climate change co-ops CPEG Darwin BondGraham David Brooks David Cay Johnston Doug Henwood eurozone Fiscal Cliff Gaza Greece homelessness inequality interest rate swaps Israel James K. Galbraith Jason Stanley libor Lynn Parramore May Day Michael Hudson Mike-Frank Epitropoulos neoclassical economics Paul Krugman Phil Gasper recovery Robert Solow Ron Baiman Sarah Blaskey Steven Pressman sweatshops Syriza taxes Thomas Piketty ultra-right William K. Black Yanis Varoufakis Yves Smith