GM wants "massive" cut in European labor costs

Newswire

PARIS, Sept 23 (Reuters) - General Motors Corp. said on Thursday that it needs a "massive reduction" in its European labor costs to keep its factories in the region competitive with assembly plants elsewhere around the globe. "What I want to see is a massive reduction in the wage bill," Carl-Peter Forster, president of GM's European operations, told Reuters in an interview on the sidelines of the Paris auto show. "It has to be a massive reduction," he added, saying the world's largest ...

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