The ever shrinking U.S. auto industry continued to cut back Thursday as Chrysler LLC announced it would get rid of 1,825 factory jobs and General Motors Corp. trimmed some benefits and said it would make further white collar cuts. Chrysler said the jobs would be eliminated at the end of the year when it closes a sport utility vehicle plant ahead of schedule at Newark, Delaware and eliminates a shift at a Toledo, Ohio, jeep plant. This is as the shaky U.S. economy speeds the industry's out of control slide.
At General Motors, senior managers sent a memo to executives on Wednesday saying early retirement and buyout offers to white collar workers had been well received but that the company would still have to make involuntary layoffs. Winnebago Industries is also continuing to layoff workers and some workers work one week on and one week off and draw unemployment in between. They are hoping to come out of this slump pretty soon too.
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