GM to cut 5,000 white collar jobs by Nov. 1 - WSJ


BANGALORE, July 31 (Reuters) - General Motors Corp said it will cut 5,000 North American white-collar jobs, by Nov. 1, the Wall Street Journal reported on Thursday. The move comes after the iconic American automaker earlier this month said it would cut white-collar costs by 20 percent as part of its plan to save $10 billion in cash through 2009. GM had also said it would scale back retiree health-care coverage and executive bonuses for 2008. A GM spokeswoman did not immediately return ...

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