GM-Chrysler deal to lead to thousands of layoffs
Grant Thornton LLP, an automotive consultant company, reported that a merger of General Motors and Chrysler would result in thousands of layoffs.
Grant Thornton LLP, an automotive consultant company, reported that a merger of General Motors and Chrysler would result in thousands of layoffs. The report noted that half of Chrysler’s 14 manufacturing facilities would likely close, which would lead to about 24,000 job cuts, not including suppliers who would be affected. The report also indicates that of the 26 models offered by Chrysler, 7 would be retained. The Grant Thornton report estimates that between $6 and $10 billion in costs would be eliminated because of the merger.
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Annual Salary Survey
After almost a decade of uncertainty, the confidence of plant floor managers is soaring. Even with a number of challenges and while implementing new technologies, there is a renewed sense of optimism among plant managers about their business and their future.
The respondents to the 2014 Plant Engineering Salary Survey come from throughout the U.S. and serve a variety of industries, but they are uniform in their optimism about manufacturing. This year’s survey found 79% consider manufacturing a secure career. That’s up from 75% in 2013 and significantly higher than the 63% figure when Plant Engineering first started asking that question a decade ago.