Richard Petty Motorsports laid off nine employees Monday and reduced salaries throughout the organization, a byproduct of Chrysler’s bankruptcy filing.
RPM officials took the measures because of anticipated cutbacks from Dodge, a person familiar with the moves told The Associated Press. The person spoke on condition of anonymity because of the ongoing uncertainty surrounding RPM’s contract with Chrysler.
Chrysler, Dodge’s parent company, filed for Chapter 11 bankruptcy protection last month.
In an interview Monday before the organizational cuts, team co-owner Richard Petty acknowledged a disruption to the race team since Chrysler’s April 30 filing.
“Everybody sets up a budget of what to do. All of a sudden… Details
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