Daewoo Motor America is laying off 60-70 employees at its Compton, CA, U.S. headquarters, more than half its office staff, according to a report in USA Today. Gary Connelly, vice president of sales and operations for Daewoo’s U.S. arm, says only about 60 employees remain in Compton. He says Daewoo Motor America has not received any money from insolvent parent Daewoo Motor Co. Ltd. of South Korea since September and had no choice but to lay off employees. "We don’t have any money. We ...

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