For those of you who haven’t heard/read the news, Chrysler is under new management under Cerebrus Capital Management LP. Cerebrus bought Chrysler from former owner Daimler AG for USD 7.4B.

Now Chrysler employees are now starting to get jittery and jumpy because of the recent events. One thing they’re not happy about is the appointment of Robert Nardelli (Home Depot and General Electric) a known cut-throat chief. To compound matters, Nardelli is an outsider to the industry. Employees are now starting to apply for jobs at Daimler and Chrysler Financial.

Change management is one thing that Cerebrus has to look into. Losing white-collar men spells bad news for any organization.

Source: Detroit News