GM to finish white-collar job cuts by October


DETROIT, June 23 (Reuters) - General Motors Corp plans to complete a 20 percent cut in its white-collar work force by October, a spokesman said on Tuesday. The plan, which was detailed in letters to the bankrupt automaker's employees sent on Tuesday, will eliminate another 4,000 jobs through a combination of layoffs and terminations. "This is what we've talked about - a leaner organization with fewer levels of management," said GM spokesman Tom Wilkinson. "You start to see what the new ...

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