Starting Monday, Chrysler will idle most of its plants as the company restructures under a Chapter 11 bankruptcy filing. This will include 8 U.S. assembly plants, as well as facilities in Canada and Mexico. Other pre-assembly facilities will also face temporary closure including five North American engine plants, six stamping plants and seven transmission plants.
The temporary shut-down will effect 26,000 UAW workers and 10,000 Canadian Auto Workers.
Chrysler is using the bankruptcy proceedings to its advantage, as the production stoppage will allow it to deplete the ever-increasing stockpile of vehicles.
The temporary shut-down is expected to take from 30 to 60 days, however, there is potential for it to extend beyond that.
[Source: Automotive News]