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Chrysler Offers Buyout Option To 23,000 U.S. Workers

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Fiat's Sergio Marchionne

Fiat's Sergio Marchionne

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In just two days, Sergio Marchionne will reveal his five-year recovery plan for Chrysler. While much of that plan revolves around slimmed-down lineups, more focused brands, and new and improved products based on Fiat vehicles, it's also likely to involve some tinkering with Chrysler's workforce and infrastructure. Not surprisingly, Chrysler Group has offered to buy out 23,000 of its U.S. workers in an effort to trim the company's overhead and synch labor costs with the company's shrinking roster of facilities. On the upside (for workers, anyway), there may soon be some openings elsewhere in town.  [CNN]

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