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GM to Cut N.American White-Collar Workers
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| Contributor | RP |
| Last Edited | RP Mar 21, 2005 07:46pm |
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| Category | General |
| Media | Website - Yahoo News: Iran |
| News Date | Monday, March 21, 2005 01:00:00 AM UTC0:0 |
| Description | General Motors Corp. plans to cut its North American white-collar work force, the Wall Street Journal reported on its Web site on Sunday, less than a week after the automaker warned that 2005 earnings would fall short of its target.
The cuts in salaried staff could be as deep as 28 percent in certain functions, according to the newspaper that cited industry officials and analysts. The paper did not specify a time frame for the cuts, nor did it provide an overall number for the expected job cuts. |
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