Chrysler to Ask Union And Suppliers to Help In Saving $1.5 Billion; Chrysler to Seek $1.5 Billion Savings $460 Million Worker Loss Cited Additional Loan Was Planned
Clearly worried about its survival, the Chrysler Corporation has reportedly decided to ask for freezes on employee wages and supplier prices as part of a $1.5 billion savings plan that it hopes will persuade the Government to authorize additional loan guarantees for the company.