European Stars and Stripes (Newspaper) - February 13, 1990, Darmstadt, Hesse Page 20 � the stars and stripes tuesday. February 13, 1990 i or cures 1 i la Hilo us i 73 be 56 36 a is 40 16 Iun Obyc 9 36 vie Newt 46 31 Batman c 48 32 Awot 69 39 Sawih be 68 42 Fem Vajgrt 01 16 61 32 1 conversion rates i laiiiiiiiiiiiiiimli1iiliiiiiiiiiiliiiiibiilliiiiiiiiiiiiiibb by London up monday s rates for the . Dollar to other currencies. Figures arc expressed in dollars to the British Pound other local currencies in dollars 1 8700 1 88.5 Bew Alrane 35085 34910 Sylbi. M iss v5sgreet Orama 15675 15768 in Trina 2 364 88 236875 10820 10823portuoueieekucio 14715 14745 can an Dollar 1 1940 1 2020 Tao him 1174 117600 oar blah Krone 6 4425 6 4575 these arc unofficial rates As re ported by wire service and banking sources and they arc listed to give some idea of currency Tinct a Lions. The Only official rate concerns the Sale of German Marks to . Person Nel for personal use. And this will be 1.64 tuesday based on monday s noontime Price fixing. February 11 Hilo Hilo Brm Wohar in 65 37 Cerro Solh c 37 09 burnable 40 33 a tows pm. I 93 45 Bones 56 33 Darai Twat to 7s 45 Boiton c 42 27 Dalfon c 45 25 badge port 47 32 Date a Bea 70 49 Bro nil a 1 62 51 s 65 39 Buha a 36 20 demo Vic 5s 3s 8yalonvt s 35 20 40 23 Caribou c 27 05 draft a 28 10 Caiper 54 39 Pasol 72 38 Claries 5 c 1 60 48 la hic 49 29 Carton enc 1 57 1 err 36 24 Fiat Tanooka t 64 35 Thoene i 49 30 Uneit Nej 59 31 l 60 34 Flint c 35 20 count s c 1 65 36 Ion smut c 74 35 Columbus a 1 64 37 fort Ware c 47 23 co Umbus Bonjoc 43 25 Tremol 64 50 1 european weather fort Cut Tor Tutti air Povy Eton try. Douds. With tit wed Nin How i in Northern pm partly Cloudy. Tarmu Coy modify Chou try a two try two now he of n r,.t.a Fht High top Niue 37-43 North. 3-39 cd pm tout. 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Said sunday it will Cut deeper into its salaried work Force Asil continues with an accelerated Cost cutting program. The nation s no. 3 automaker in october announced a program de signed to carve is billion in costs from its s26 billion budget by the end of 1990. At the time. Chrysler said 2.300 salaried employees or 8 percent of its 31,000-Mcmbcr White Collar work Force would be removed from its payroll. Chrysler spokesman Steve Harris said sunday that More White Collar workers would be Cut through Attri Tion. He said he could t say How Many positions the company planned to eliminate and knew of no plans for further layoffs. Automotive news a weekly Indus try journal quoted unidentified the far Side sources in its monday editions As say auction at Chrysler is Likely to be ing the new round of cuts would re met favourably on Wall Street said move 5 percent to 10 percent of the Auto analyst Thomas o Grady pre company s salaried work Force in and Sidcot of integrated automotive Dilion to those announced in october. While Collar reductions arc be coming a Way of life at Chrysler Harris said. A certain part will come through general motors corp. And Ford motor co. Have said they like Chrys Ler constantly Are reviewing their employment Levels. In 1987, pm began its action plan to Cut costs. Since then its original target has been raised to $13 billion by 1991. Ford has no formal Cost cutting plan similar to pm s or Chrysler s. The automakers will give better pictures of changes in their employ ment Levels later this week when they report 1989 earnings. The latest salaried work Force re resources inc. Of Wayne a. What i would be concerned about is what they Are doing with the savings he said sunday. If it is just to Nave a better Bottom line that s not so he suggested that the company fun Nel the Money into product development. There was no indication from Harris about where the savings would be sent but if the Job cuts were part of the Overall Cost reduction pro Gram it would be unlikely that product development would get much. Auto analyst Steve Girsky of pain Webber inc. In new York City said the newest cuts should be Well received. 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