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Posted: 3:09 PM Nov 9, 2007
Executive says Chrysler expects limited layoffs in Kokomo
Richard Chow-Wah told The Indianapolis Star that the layoffs in Kokomo will be proportional to volume reductions for Chrysler. If sales fall 10 percent, the same percentage would be laid off in Kokomo.
Reporter: The Associated Press |
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A Chrysler manufacturing executive says the company expects limited layoffs in Kokomo next year as auto sales decrease.
Richard Chow-Wah told The Indianapolis Star that the layoffs in Kokomo will be proportional to volume reductions for Chrysler. If sales fall 10 percent, the same percentage would be laid off in Kokomo.
Chrysler employs about 5,000 autoworkers at its transmission complex in Kokomo, located about 50 miles north of Indianapolis.
Chow-Wah was the keynote speaker at Indianapolis' 10th annual TechPoint Summit.
Chrysler sales are on pace this year to sell about 16 million vehicles, down nearly 3 percent from last year.
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