GM exec says 1,600 will lose jobs in next few days

About 1,600 white-collar workers at General Motors Corp. will lose their jobs in the next few days as the troubled automaker accelerates cost cuts in order to qualify for more government aid.GM North America President Troy Clarke said Monday in an e-mail to employees that the layoffs are needed to ensure the company’s long-term viability.

(Excerpt) Read more at news.yahoo.com


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