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

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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iepurilah - 7/31/2008 2:50:25 PM

+4 Boost

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

Bored - 7/31/2008 4:17:46 PM

+3 Boost

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

91z4me - 7/31/2008 4:41:27 PM

+2 Boost

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

Bored - 7/31/2008 11:46:29 PM

+4 Boost

@ 91z4me,

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

truckmen - 8/1/2008 6:29:31 AM

+1 Boost

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