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National Press Release

Chrysler LLC, State of Michigan and Oakland County Collaborate to Offer Job Assistance to Salaried Employees Separated from the Company

Published 2008-11-13 13:53
By Chrysler LLC
-- Program to offer range of placement assistance services
-- Services tailored to needs of Chrysler employees who take voluntary separation offers or involuntarily separated from Chrysler

AUBURN HILLS, Mich., Nov. 13 /PRNewswire/ -- Chrysler LLC, in partnership with the State of Michigan and Oakland County, announced today a partnership to offer job placement assistance to employees who take early retirement, voluntary separation offers from Chrysler, as well as employees who may be involuntarily separated from the company in December.

On October 24, Chrysler announced salaried and supplemental workforce reductions of 25 percent beginning in November 2008. This adjustment to workforce levels is in addition to previously announced actions, and will be accomplished through a combination of socially responsible programs, including voluntary retirements and -- in order to broaden the eligible group -- salaried employee buyouts. These new programs feature enhanced benefits, including both cash, new-vehicle vouchers and health benefits. Details on the new voluntary programs were made available to Chrysler salaried employees on November 5. Employees have until November 26 to accept the buyout package, and leave the Company by November 30. If the buyouts do not achieve the targeted 25 percent reduction, involuntary separations will take place by the end of December.

"These are very challenging times in our country and industry, and the economic fallout has been even greater in Michigan," said Nancy Rae, Chrysler Executive Vice President - Human Resources and Communications. "We are pleased that the State and County will offer outplacement and re-employment services to those employees leaving Chrysler."

Outplacement and re-employment assistance will be provided through the nine Michigan Works! One-stop career centers in Oakland County. The Michigan Works! Troy Center will provide overall leadership for the implementation of the program, which will offer a range of services including: employment workshops such as resume writing, self-help workshops such as entrepreneurial counseling, job services such as career counseling and more.

"We are working hard to keep the Chrysler workforce here in Michigan," said Governor Jennifer M. Granholm. "They are talented and skilled and we know that our 21st Century economy needs them. Therefore, we are going to do everything we can to help them transition to new employment opportunities."

Michigan Works! is recognized nationally as the largest and most progressive workforce development association in the country. The Association's members are the Workforce Development Boards, Local Elected Officials, and Michigan Works! Agency Directors from all of Michigan's 25 workforce areas. Michigan Works! was established in 1987 to foster high-quality employment and training programs serving employers and workers by providing support activities and a forum for information exchange for Michigan's workforce development system. That system has been recognized by the National Alliance of Business as the most innovative in the country.

"We are working diligently to ease the transition and the anxiety that comes with such life altering changes as a job loss," Oakland County Executive L. Brooks Patterson said. "We want to help these displaced workers find new employment as quickly as possible. We want them working and we want them working here. It's human capital that brings value to Oakland County. We all have a stake in this company and these people."

About Chrysler LLC

Chrysler LLC, headquartered in Auburn Hills, Mich., produces Chrysler, Jeep(R), Dodge and Mopar(R) brand vehicles and products. Total sales worldwide in 2007 were 2.7 million vehicles. Sales outside of North America were the highest ever with an increase of 15 percent over 2006. Its product lineup features some of the world's most recognizable vehicles, including the Chrysler 300 and Town & Country, Jeep Wrangler and Grand Cherokee and Dodge Challenger and Ram. The Chrysler Foundation, the company's philanthropic arm, annually supports hundreds of charitable organizations in the United States and throughout the world. In 2007, the Foundation gave approximately $21 million in charitable donations.

SOURCE Chrysler LLC



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