Wednesday, February 11, 2009

GM to Cut Salaried Staff by 14%

General Motors Corp. said Tuesday it will cut 10,000 white-collar jobs world-wide this year, a move that could help prod the company's main union and bondholders into making concessions as required by GM's $13.4 billion federal loan package...

Read more Cut Salaried Staff by 14%

Source: wsj online

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