Printer Friendly

HIGHLAND PARK OFFICIALS, CHRYSLER DISCUSS CONSOLIDATION OF COMPANY FACILITIES

 HIGHLAND PARK OFFICIALS, CHRYSLER
 DISCUSS CONSOLIDATION OF COMPANY FACILITIES
 HIGHLAND PARK, Mich., Sept. 8 /PRNewswire/ -- Chrysler Corporation (NYSE: C) has initiated planning for the consolidation of its headquarters operations at its Auburn Hills technology center complex. The company believes the headquarters move is necessary in order to maximize efficiency and teamwork, especially under its new platform team organization, by housing the majority of its employees at one site. Chrysler said it would be working with the City of Highland Park to minimize the impact of the consolidation on the city.
 "Chrysler has called Highland Park home since the company was founded in 1925 and we've always had a good relationship with the city," said Chrysler Chairman Lee Iacocca. "We have no intention of turning our backs and walking away from the city now. Chrysler doesn't operate that way. We didn't do that when it came time to build our new $1.2 billion Jeep plant in Detroit and we won't do it now.
 "We will be working with the city to make our Highland Park facilities an asset to the community. One possibility might be for educational uses consistent with our longstanding commitment to education in the metropolitan area, but we are prepared to discuss other uses as well," Iacocca added. "In addition, we will work together to minimize the financial impact of the consolidation on the city.
 "It's critical that we face the realities of our own situation now and do what's best for the continued success of the company," Iacocca said. "Our situation has changed drastically since we first broke ground for CTC in 1986. At that time we planned to maintain a separate corporate headquarters in Highland Park. We are not only a smaller company now with 12,000 fewer white-collar jobs than we had five years ago, but more importantly we have restructured the company to a platform team management concept, something that was not anticipated six years ago. Under this organization it is essential for the entire team to be together in the same location. We can't have our executives traveling 50 miles back and forth for meetings two and three times a day."
 Planning and site preparation of a new headquarters in Auburn Hills will begin shortly. Construction of offices and support facilities is expected to begin in about a year. Planning, construction and move-in is expected to take about three years. In total, there will be no major job impact as a result of the consolidation activity and approximately 500 employees in key technical and facilities administration areas will remain in Highland Park after the consolidation has been completed.
 Chrysler officials have met with representatives of Highland Park to discuss the move. No other details are available at this time.
 -0- 9/8/92
 /CONTACT: Steven J. Harris of Chrysler, 313-956-3164/
 (C) CO: Chrysler Corporation; City of Highland Park ST: Michigan IN: AUT SU:


ML -- DE013 -- 6998 09/08/92 12:05 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 8, 1992
Words:490
Previous Article:COMPANIA DE TELEFONOS DE CHILE S.A. ANNOUNCES RESULTS IN U.S. GAAP FOR THE SIX MONTHS ENDED JUNE 30, 1992
Next Article:BANKAMERICA $250 MILLION 7.2 PERCENT SUBUBORDINATED NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
Topics:


Related Articles
AGREEMENT PROVIDES DRAMATIC SAVING
STORYTELLER JACKIE TORRENCE WILL ENTERTAIN FIRST-GRADERS IN HIGHLAND PARK WEDNESDAY, JAN. 13
CHRYSLER REINVENTS MEDIA-BUYING PROCESS
INTERESTED IN A CHRYSLER BRICK?
HIGHLAND PARK, CHRYSLER REACH AGREEMENT
HIGHLAND PARK, CHRYSLER REACH AGREEMENT
HIGHLAND PARK, CHRYSLER REACH AGREEMENT
CHRYSLER 'INVOLVED TO SOLVE' DEALER VOLUNTEER PROGRAM COMES HOME TO ROOST
CHRYSLER CORPORATION AND STUART FRANKEL ANNOUNCE AGREEMENT ON HIGHLAND PARK SITE
CHRYSLER CORPORATION ANNOUNCES $200 MILLION INVESTMENT AT INDIANAPOLIS FOUNDRY

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters