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Filed under: Etc. , Chrysler , Dodge The recent decision by Chrysler to give employees a mandatory, unpaid two week vacation has workers peeved, and it's tough to blame them. Many long-time workers have already planned and paid for vacations that land outside of July 7-21, so those employees will have to cancel their plans or risk going unpaid for two weeks. It's very public news that Chrysler isn't exactly rolling in fortunes, and employees know that sacrifices being made, but as the Freep points out, Chrysler management really botched this one. The problem lies with the absence of communication regarding vacation time until less than four months before the scheduled time off, when many plans are already set, and some vacation is already taken. Then there's the fact that some of the product development is being shuttered for two whole weeks when Chrysler is already behind the competition and can't afford to take half a month off. Cerberus may be new to the auto industry...
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Filed under: Etc. , Chrysler , DaimlerChrysler , Dodge , Ford Chrysler and Ford have been at the top of the headlines all year long for various reasons, with Ford continuing to slim down by selling off its PAG brands, while Chrysler got dumped by Daimler and went private at the hands of Cerberus Capital Management. 2008 looks to be an equally interesting year in the auto industry, and a recent article in Fortune by senior editor Alex Taylor III suggests that a merger between Chrysler and Ford could be in the cards for the coming year. Talk about your haymakers. Much of the speculation regarding Chrysler surrounds how Cerberus intends to get itself out from under the prolific paperweight that is the Pentastar. Financial types still feel Cerberus is out to make a quick buck, and that long-term ownership is highly unlikely. We're no big business experts, but it looks to us as though the three headed dog has a very limited list of potential buyers out there, so throwing a blind-folded dart...
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