US car maker Chrysler announced plans today to cut between 8,500 and 10,000 production jobs and other labour force reductions to deal with a 'smaller market' for cars.
The cuts, the first under Chrysler's new private equity owners, come on top of a reduction announced in February of 13,000 jobs, including 11,000 production workers.
Chrysler, the number three US car maker, said it was taking the actions in response to industrywide volume reductions and slower sales that call for 'plant adjustments'.
The company said it was also halting production of four Chrysler models while adding two new vehicles and two new hybrid cars to its lineup.
