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By Stephen Foley in New York
Chrysler's 38,000 workers are entering an uncomfortable limbo this weekend, as the bankrupt automaker temporarily shuts the doors of its factories and works on a restructuring plan. The US government and the company insisted yesterday that it would restart operations within two months, after one of the quickest ever bankruptcy processes, but rebel creditors were digging in for an extended legal fight that could frustrate those plans.
All Chrysler's plants would shut by Monday, it said, but some had closed their doors early after suppliers refused to send vital parts, for fear they may not get paid. In an example of the chain reaction that the Obama administration is struggling to limit, at least three supplier factories were also shut yesterday.
Chrysler faces rebels in bid for quick bankruptcy - Business News, Business - The Independent
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