Chrysler to cut 1,000 salaried jobs by fall

Automaker says layoffs are needed during industry's long slump

Interactive

10 cars we loved to hate
Some cars are so well-designed that they are almost art. These aren't. Here are 10 cars from the past 50 years that redefined the word 'ugly.'

Most popular

• Most viewed

• Top rated

• Most e-mailed

Key ingredient in new ‘love dessert’? Viagra

Pace of mortgage help rising but still slow

Overdue library books returned 51 years later

Top 5 most incredible war scenes in gaming

Authorities acting on tip search for missing girl

Most viewed on msnbc.com

Latest interest rates

See today's average mortgage rates across the country.

Loan type	Today	+/-	Last week
30-year fixed	5.02%		5.13%
15-year fixed	4.60%		4.70%
30-year fixed jumbo	5.89%		6.06%
5/1 ARM	4.09%		4.30%
7/1 ARM	4.43%		4.58%

Source: Bankrate.com | View rates in your area

See today's average home equity rates across the country.

Loan type	Today	+/-	Last week
$30K HELOC	5.23%		5.24%
$30K home equity loan	8.32%		8.35%
$75K home equity loan	8.24%		8.39%
$50K home equity loan	8.20%		8.36%
$50K HELOC	4.96%		4.99%

Source: Bankrate.com | View rates in your area

See today's savings rates across the country.

Savings type	Today	+/-	Last week
Money market	1.04%		1.04%
$10K money market	1.12%		1.13%
Six-month CD	1.14%		1.13%
One-year CD	1.60%		1.61%
Five-year CD	2.61%		2.61%

Source: Bankrate.com | View rates in your area

See today's average auto rates across the country.

Loan type	Today	+/-	Last week
48-month new car loan	6.57%		7.05%
36-month used car loan	7.03%		7.39%
36-month new car loan	6.45%		6.90%
60-month new car loan	6.61%		7.11%
72-month new car loan	6.26%		.00%

Source: Bankrate.com | View rates in your area

See today's average credit card rates across the country.

Card type	Fixed	Variable
Standard	13.46%	11.48%
Gold	12.12%	9.90%
Platinum	10.97%	12.21%
All	12.31%	11.68%

Source: Bankrate.com | View more rates

updated 2:04 p.m. ET July 23, 2008

DETROIT - Chrysler LLC says it will cut 1,000 salaried jobs worldwide by Sept. 30.

The automaker announced the cuts Wednesday in a letter to employees.

Chrysler says the layoffs are needed because of the prolonged slump in the U.S. auto industry.

Story continues below ↓

advertisement | your ad here

Chrysler spokesman David Elshoff says the company hopes most of the cuts will be accomplished through early retirements, attrition and voluntary separation programs. But he says involuntary layoffs will be considered if the company fails to meet its targets.

Also in msnbc.com business
Your Career: Married to the job, and each other
Answer Desk: Qualifying for more jobless benefits
Venza sorta-crossover is Toyota’s latest mistake
ConsumerMan: Chinese drywall remains a big threat
Video: This beer would cost you at least $8,000