Cerberus Capital Management, LP

CERBERUS CAPITAL MANAGEMENT, LP: Chrysler LLC plans to end the third shift at its Belvidere, Ill., assembly plant, which will put as many as 1,000 employees out of work. Sluggish sales of the three vehicles built at Belvidere; Dodge Caliber and Jeep Compass and Patriot, mean that the third shift will be eliminated. The Belvidere assembly plant and a nearby stamping plant employ 3,800, including 600 temporary workers who would be the first to go because they aren't covered by job security provisions of the UAW's contract. Permanent employees would be laid off based on lowest seniority. Sales of the Caliber, introduced in January 2006, have declined five of the last six months. Compass sales fell 21 percent last month from August, and Patriot was down 13 percent. Chrysler also is looking to pare its product lineup and could cut several models by early next year. 11/26