Rumors of Chrysler’s plan to file for bankruptcy started to spread after Chrysler’s CEO Bob Nardelli released a memo stating that the entire company is required to take a two-week vacation starting July 7. That totals to 19,000 white collar employees and 52,500 hourly employees going on vacation. Nardelli was quick to defend the company’s decision stating that this was done to “create better alignment and efficiency across organizational lines and boost productivity.” While this seems like a standard spiel used when the company starts to encounter problems, this does not bode well for Chrysler’s workers. If the company does decide to file for bankruptcy, more than 70,000 workers will be out of a job. And given the difficulty in finding a job is nowadays, we’re looking at a huge number of people who’ll end up in the unemployment line trying to find a way to make ends meet.
I just hope that Chrysler will be kind enough to provide its employees with the proper compensation if they do decide to close shop permanently. I can’t help but remember what happened to Jim Carrey in the movie “Fun With Dick And Jane” when the company he was working for folded and all its employees were left out to dry. I just hope that the Chrysler employees will be spared from that type of atrocity.
Sources: The Truth About Cars
