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December 4, 2008 5:13:33 PM CST

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Chrysler Will Shut Down for 2 Weeks

Posted Mar 13, 08 1:32 PM CDT in Business 

(Newser) – Chrysler plans to shut down all operations for two weeks in July to save money and “accelerate Chrysler's recovery and transformation,” CEO Robert Nardelli writes in a company memo. Employees will take a forced break July 7-20 “in order to create better alignment and efficiency across organizational lines and boost productivity,” says the memo, obtained by the Wall Street Journal.

Chrysler, which lost $1.6 billion in 2007, is involved in restructuring that includes cutting back on some vehicle lines and attempting to buy out many of its 44,000 workers, Reuters reports. Automakers often shut down plants in July—but this year's move applies to salaried employees, too, the AP notes. A few workers, however, may keep working on special projects.

Sources Wall Street Journal, Associated Press, Reuters, Reuters

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Chrysler will shut down US operations for two weeks in July "to create better alignment and efficiency across organizational lines and boost productivity," a memo to employees sent today says.   (AP Photo/David Zalubowski, file)
Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y, tours the Chrysler Toledo North Assembly Plant in Toledo, Ohio, with plant manager Louis Rivas, right, Monday, March 3, 2008.   (AP Photo/Carolyn Kaster)
Chrysler will shut down US operations for two weeks in July "to create better alignment and efficiency across organizational lines and boost productivity," a memo to employees sent today says.   (AP Photo/David Zalubowski)
Chrysler LLC chairman and CEO Robert Nardelli answers questions from reporters in this Sept. 7, 2007 file photo.   (AP Photo/Jerry S. Mendoza, file)
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