GM prepares to wield job ax but analysts skeptical

Newswire

By Jui Chakravorty DETROIT, Nov 18 (Reuters) - As General Motors Corp. prepares to announce much-awaited job cuts and U.S. assembly plant closings, analysts wonder if the cuts will be aggressive enough to convince people of a possible turnaround at the ailing auto giant. The world's largest automaker, which has lost nearly $4 billion this year, has said it will provide details by the end of 2005 about its previously announced plan to cut at least 25,000 manufacturing jobs as part of a ...

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