REPORT: If Chrysler liquidates, 38,500 jobs would be lost
 

<p>Filed under: <a href="http://www.autoblog.com/category/government-legal/" rel="tag">Government/Legal</a>, <a href="http://www.autoblog.com/category/plants-manufacturing/" rel="tag">Plants/Manufacturing</a>, <a href="http://www.autoblog.com/category/chrysler/" rel="tag">Chrysler, LLC.</a>, <a href="http://www.autoblog.com/category/fiat/" rel="tag">FIAT</a></p><a href="www.bloomberg.com/apps/news?pid=20601087&sid=a7C Z2XX5kYuk&refer=home"><im g vspace="4" hspace="4" border="1" src="http://www.blogcdn.com/www.autoblog.com/media/2009/05/86302396-580op.jpg" alt="" /></a><br /><br />A court filing by the legal firm Jones Day estimates that 38,500 Chrysler workers will lose their jobs if the <a href="http://www.autoblog.com/2009/05/01/fiat-could-take-majority-control-of-chrysler-as-early-as-2013/">bankrupt automaker</a> fails to quickly form an alliance with Fiat SpA and is forced to liquidate. In addition, if the deal with Fiat is rejected Chrysler LLC employees will lose $9.8 billion in benefits and $2 billion in pension payments, according to the legal team. <br /><br />"Time is of the essence," said attorney Corinne Ball. The lawyers, in court seeking to organize the company's 25 affiliates into a one bankruptcy proceeding, stressed in yesterday's so-called first-day pleadings that if Chrysler dissolves, "it will mean the end of an iconic, 83-year-old American car company."<br /><br />[Source: <a href="http://www.bloomberg.com/apps/news?pid=20601087&sid=a7C Z2XX5kYuk&refer=home">Blo omberg</a> | Image Source: Bill Pugliano/Getty]<br /><p style="padding:5px;backgr ound:#ddd;border:1px solid #ccc;clear:both;"><a href="http://www.autoblog.com/2009/05/01/report-if-chrysler-liquidates-38-500-jobs-would-be-lost/">REPORT: If Chrysler liquidates, 38,500 jobs would be lost</a> originally appeared on <a href="http://www.autoblog.com">Autoblo g</a> on Fri, 01 May 2009 13:58:00 EST. Please see our <a href="http://www.weblogsinc.com/feed-terms/">terms for use of feeds</a>.</p><h6 style="clear: both; padding: 8px 0 0 0; height: 2px; font-size: 1px; border: 0; margin: 0; padding: 0;"></h6><a href="http://www.autoblog.com/2009/05/01/report-if-chrysler-liquidates-38-500-jobs-would-be-lost/" rel="bookmark" title="Permanent link to this entry">Permalink</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/forward/1533894/" title="Send this entry to a friend via email">Email this</a>&nbsp;|&nbsp;<a href="http://www.autoblog.com/2009/05/01/report-if-chrysler-liquidates-38-500-jobs-would-be-lost/#comments" title="View reader comments on this entry">Comments</a>

أكثر...