Old Sep 5, 2008 | 04:41 AM
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clasko10
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Default RE: A chat with Jim Press, vice chairman and president of Chrysler

I am an hourly employee at Chrysler so I am hoping the company's financial condition is improving. I can honestly say that there have been a lot of changes made since Cerberus took over. Our workforce has been cut by more than a third and overtime has been drastically scaled back. This company no longer operates like it has unlimited funds and every department is being held to a tight budget. Little things like turning off fans, lights, and computers is now required. I have to say this is long overdue. I am afraid more job cuts are looming, but I think they will get as many volunteers as they need if the retirement and vtep packages are offered again. Now that the overtime is gone, many employees want out. I must also mention that morale in the plants is at an all-time low. This company is certainly changing but I'm not sure if Cerberus is truly trying to rebuild Chrysler or making it lean and attractive for a breakup and/or sale.
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