Why it Sucks to Work For Chrysler
April 6, 2007
While CEOs and private equity groups try to determine the best way to turn a buck from the game of hot potato with Chrysler, the employees wait with baited breath. If a private equity group like the Blackstone Group or corporate raider like Kirk Kerkorian win the bidding many fear the company will be broken up and sold off.
The auto-makers in Detroit have taken a beating over the last few years and those that have likely suffered the most are the working families that build the vehicles. Now they are caught in the middle of this corporate dance and fear for their future. It is sad watching a once – great company lose its grip but to me it’s even more depressing thinking about the uncertain future of those that worked for years to make the company what it once was.
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