| |
| >> Back to the article | |
| April 20, 2009 | |
|
1,600 jobs to go: GM exec
|
|
| DETROIT - A TOP General Motors Corp executive says 1,600 workers will lose their jobs during the next few days as the automaker tries to cut costs and restructure to stay in business.
GM North America President Troy Clarke says in an e-mail to workers obtained by The Associated Press that the layoffs are needed to ensure GM's long-term viability. Last month GM began cutting 3,400 US salaried jobs as part of the 47,000 job cuts that it will make worldwide by year's end. GM is living on US$13.4 billion (S$20.2 billion) in government loans and faces a June 1 deadline to cut costs and gain concessions from stakeholders in order to get more government help. It may be forced to file for bankruptcy protection. -- AP | |
| Copyright © 2007 Singapore Press Holdings. All rights reserved. Privacy Statement & Condition of Access |
![]() |
|
|
|
Best viewed at 1152x864 resolution with IE 6.0 or
FireFox 2.0 and above Copyright © 2008 Singapore Press Holdings Ltd. Co.
Regn No. 198402868E | Privacy Statement
| Terms & Conditions
|