SEOUL — Daewoo Motor Co. Ltd. was expected to unveil a self-rescue plan on Oct. 31 that would include a 15% reduction in its workforce and 30% in wages across the board. The plan is the first step of a restructuring scheme to appease creditor banks, which have shut-off Daewoo Motor’s life support system by refusing to grant the company any more credit, while demanding sweeping restructuring changes. The financially crippled Korean car company's vital signs have been failing rapidly over ...
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