GM's Saab denies to cut 20 pct of work force

Newswire

FRANKFURT, Nov 26 (Reuters) - General Motors Corp.'s Saab unit on Tuesday denied reports that it planned to cut 1,300 jobs, or 20 percent of its work force, at its main Trollhattan plant in southern Sweden. The Swedish unit of the world's biggest carmaker, which has lost money nearly every year in the last decade, has said it plans to cut jobs as part of a restructuring program to return the unit to financial health. It has scheduled a press conference on Wednesday. However, a Saab ...

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