The advantage of a bankruptcy is that it enables the company to continue to operate,” Belvidere Mayor Fred Brereton said. “We should be in a good position in that we are set up to make small cars.”
Growth Dimensions, Boone County’s economic development agency, has been coordinating letters of support from local leaders for Chrysler as it goes through a federally overseen process. Executive Director Mark Williams said the organization will continue to “marshal our resources” to respond as needed.
It could be good news — if Chrysler is able to stabilize rather than schedule workers on a weekly basis — or bad news, if Chrysler has to shut it down for a period, said Janyce Fadden, president of the Rockford Area Economic Development Council. Each Chrysler job affects four other jobs in the region, she said, so the situation leaves a lot of people in unstable situations.
Chrysler bankruptcy might be good for Belvidere plant - - BusinessRockford.com
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