100% Vacation for a 5% Pay Cut? Where Do I Sign Up?

Chrysler workers will be paid 95% of salary while factories are closed during the holidays.


It's no secret that Chrysler is in the fight of its life, and the Auburn Hills automaker is pulling out all the stops to keep the lights on -- even if it means closing the doors. Chrysler is shuttering all of its plants for one month, beginning December 19. In a short release to the media, Chrysler blamed the continued credit crunch as the main reason for the shutdown, and is trying to better-align its vehicle stock with customer demand. Dealers have notified the Pentastar that they've got plenty of perspective buyers, but an astonishing 20-25% of customers are unable to obtain financing. Ouch. On the bright side, Chrysler plant workers will have a really, really long Christmas break at 95% pay, which can't be too horrible.

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