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Study maps potential Chrysler bankruptcy impact on jobs and trade
A Congressional Budget Office study by Data Resources Inc. outlines worst case effects if Chrysler Corp. collapses. Unemployment could peak near 400,000 with 340,000 job losses at Chrysler and suppliers, while total domestic auto sales fall and imports rise. The report stresses partial reabsorption of workers and modest GDP effects. President Carter suggests sacrifice by top Chrysler personnel and targeted federal action as possible remedies.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Congressional Budget Office
Data Resources Inc
Lexington
Mass
Chrysler
Detroit Free Press
Data Resources
Washington
Carter