ORIGINAL: clasko10
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.
Compare rebuilding a company to restoring a car. You can do it the wrong way and continue to throw Bondo on old dents and rust, OR you can do it the right way and strip it to the frame and inspect each piece for fit and finish before reinstalling each and every nut and bolt.
Whether you intend on keeping it OR selling it, after restoring it the right way, the end result will be worth more and the envy of your competitors.