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 … » 7/31/08 10:00am 7/31/08 10:00am