Powerway lays off 14 after losing software deal with Chrysler
Locally based Powerway Inc. is scrambling to shrink its work force and remake its business plan after the firm’s most lucrative
customer–the ailing automaker Chrysler LLC–said it will no longer use Powerway software or mandate its use among the company’s
hundreds of suppliers. Powerway laid off 14 employees and slashed salaries for many who remain after it learned of Chrysler’s
plans on June 6.