GM to cut 10,000 jobs by end of 2009
11-02-2009
US carmaker, General Motors, has confirmed it is cutting 10,000 jobs from its workforce by the end of 2009. GM said it would reduce its global salaried staff to about 63,000, from its current level of 73,000. The company said it was forced to act by a severe drop in vehicle sales worldwide, and by the need to restructure for long-term viability. About 3,400 cuts will be made in the US. The cost-cutting was part of an initial restructuring plan GM submitted to Congress in December, as part of a request for aid.
