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Chrysler to cut 26,000 jobs

DaimlerChrysler AG plans to cut some 26,000 jobs over three years at its U.S.-based Chrysler division. As part of a restructuring plan designed to stop the losses at Chrysler, the company said it would cut roughly 20 percent of its North American work force. The plan calls for six manufacturing plants to be idled through 2002.

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