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.)]