Chrysler to cut jobs, shifts at six plants
On the heels of a new labor deal, automaker to pursue a new round of early retirement offers
Chrysler will cut about 10,000 hourly jobs as part of 12,000 jobs cuts announced Nov. 1. The job cuts will come in the form of early retirement offers to workers, and was announced less than a week after the United Auto Workers narrowly approved a new contract with the automaker.
Plants in Belvidere, IL, Toledo, Brampton, Ont., Detroit, Sterling Heights, MI and the company's Mack Avenue engine plant in Detroit will all see shifts cut as a part of the plan.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey