• By Andrew Stoy
    Jul 31, 2008 10:00 AM 539
    more about

    #grichardwagoner

    GM Says Brands Not Under Strategic Review, Just Jobs

    GM To Get More Layoffs, Lose A Brand
    read more: #industrynews, #grichardwagoner, #gm, #gmemployees, #gmjobs, #gmlayoffs, #gmstaffcuts, #gmwagoner, #generalmotorscuts, #generalmotorsemployees, #generalmotorsjobs, #generalmotorslayoffs, #generalmotors, #rickwagoner, #wagoner

    WSJ: General Motors To Cut 15% Of Salaried Workforce By November

    The Wall Street Journal is reporting GM plans to remove another 5,000 salaried workers from payrolls by November as part of its re-restructuring announced earlier this month. The cuts would amount to about 15% of GM's North American white-collar staff, continuing what has become a 40% salaried headcount reduction since 2000. News of the job losses comes as GM is preparing analysts and the media to expect a large second-quarter loss when the company reports earnings tomorrow. Rather than layoffs, GM hopes to encourage staffers to leave with early retirement packages and cash incentives. Hey, it works for the cars, so why not try it on the employees? [WSJ (sub. req.)]


    Contact information for this author is not available.