GM set for 10,000 temporary layoffs - reports

Newswire

NEW YORK, Oct 29 (Reuters) - General Motors Corp. plans to lay off temporarily more than 10,000 workers for as long as one month early next year at five plants that primarily produce sport utility vehicles and pickup trucks, the New York Times and Wall Street Journal reported on Friday. The layoffs -- which will last from one to four weeks -- were first reported by The Detroit Free Press on Thursday. Soaring incentives on sport utility vehicles have depressed prices and squeezed profits ...

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