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CNBC's LeBeau: Chrysler CEO Tries to Ease Workers' Fears

CNBC.com
Thursday, 22 Feb 2007 | 9:44 AM ET

Chrysler CEO Tom LaSorda sent an e-mail to Chrysler employees attempting to counteract speculation on a possible sale of the auto maker and ease fears about the automaker's future, according to CNBC's Phil LeBeau.

Parent DaimlerChrysler is looking at all options for its money-losing U.S. business--which could include a possible sale--as part of a restructuring process that will include 13,000 job cuts, 16% of the workforce, by 2009.

Chrysler CEO Reaches Out
Chrysler CEO Tom LaSorda reached out to his employees for the first time since rumors about Chrysler's possible sales surfaced. Phil LeBeau, CNBC automotive reporter, has the details.

In the e-mail, obtained by LeBeau, LaSorda told employees that information on voluntary separation and early retirement programs will be communicated in the next few days.

Media speculation about a sale of Chrysler needs to be kept "in perspective," LaSorda said, nothing that management has a duty to consider all options, but "can't comment on developments because of strict legal requirements."

He also touted the company's upcoming cars.

"We went through a restructuring in 2001, but our situation today is much different," LaSorda said in a statement. "For one thing, we're leaner. Another important difference is that we have a full product pipeline with at least 20 new and 13 refreshed vehicles on their way from 2007 to 2009."

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