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Chrysler offers up to $75,000 in salaried buyouts,

Tuesday October 28 2008 DETROIT,

Chrysler LLC is offering white-collar workers up to $75,000 cash and vehicle vouchers valued at $25,000 as incentive to leave the company.
The offers were detailed in a memo to employees on Tuesday that was seen by Reuters.

The U.S-based automaker, which is in merger talks with General Motors Corp, last week announced a plan to cut about 5,000 white-collar jobs and reducing capital spending to ride out a deepening slump in the U.S. auto industry.

The company said in the memo that the employees were expected to leave by Nov. 30 and depending on the buyout rate, it may need to make some involuntary cuts.

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