Wednesday, February 14, 2007

Nothing Says Valentine like Pink (Slips)

AUBURN HILLS, Mich. — For 13,000 Chrysler workers, Feb. 14 will now be known as the Valentine's Day massacre.

On Wednesday, Chrysler announced its long-awaited restructuring, which included a 16 percent reduction in its work force, shift reductions, a plant closing and a surprise hint that the plan could lead to a DaimlerChrysler divorce.

The Chrysler plan calls for closing the company's Newark, Del., assembly plant, and reducing shifts at plants in Warren, Mich., and St. Louis. A parts distribution center near Cleveland also will be closed, and reductions could occur at other plants that make components for those facilities.

I think there should be a law against announcing this on holidays, even Hallmark inspired ones. It's a crappy thing to do.