The Detroit News is reporting that Chrysler LLC have announced a 5,000 employee buyout cut for its salaried and contracted workers, a 25 percent cut to their work force. Chrysler even made a deadline for the new cuts, giving current employees till next Wednesday to make a decision. A spokeswoman for Chrysler LLC said "Chrysler may still have to make involuntary cuts to reach its goals" and "We anticipate it to be minimal". Analysts from the automotive industry commented about the new cuts, saying it is "so large that it would affect the company's product development plans". Workers are being offered $75,000 dollar bailouts with six months of health care and a $25,000 voucher for a new Chrysler vehicle.

Just in case you were wondering, now you know where your bailout money will go come January 2009 if it passes.