General Motors Corp. next month launches the second phase of an attrition program the auto maker hopes will reduce its unionized workforce, trim hourly wages for newly hired employees and place its U.S. labor costs on more competitive footing with foreign rivals. GM also tells analysts in Detroit for an annual conference it expects the U.S. market to rebound in 2009 and that it could cut another $5 billion in labor costs in the coming years. The 2-phase attrition program stems from the ...

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