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GM on its way to cut its white collar work force by 15%

rhp1462 submitted on 7/31/2008 Official Bell & Ross Timestamp: 12:33:51 PM

5 user comments | Category: New Cars | Source: | SOURCE: online.wsj.com

General Motors Corp.

, which is expected to post a big second-quarter loss on Friday, said it will remove about 5,000 people from its salaried head count by Nov. 1 as part of a cost-cutting initiative it outlined earlier this month. Those cuts would amount to 15% of GM's North American white-collar work force.



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rhp1462

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User Comments

iepurilah

Things are definitely toughening for the Detroit 3. Too bad this affects thousand of workers.

— iepurilah (View Profile)

Posted on 7/31/2008 2:50:25 PM | reply to this comment | Votes: 4   

Bored

It would be nice if some of their execs would get the ax as well.

— Bored (View Profile)

Posted on 7/31/2008 4:17:46 PM | | Votes: 3   

91z4me

Bored, you do realize that execs are white collared workers, right?

— 91z4me (View Profile)

Posted on 7/31/2008 4:41:27 PM | | Votes: 2   

Bored

@ 91z4me,

Of course. But we all know that the wrong ones will suffer.

— Bored (View Profile)

Posted on 7/31/2008 11:46:29 PM | | Votes: 4   

truckmen

Because of the white collar workers the rest suffer from there mistakes, so this is great news!

— truckmen (View Profile)

Posted on 8/1/2008 6:29:31 AM | reply to this comment | Votes: 1   

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