UPDATE 1-GM's Saab to cut 1,300 jobs in overhaul

Newswire

(Adds detail, quotes) By Madeline Chambers FRANKFURT, Nov 27 (Reuters) - General Motors Corp's loss-making Saab unit said on Wednesday it planned to cut 20 percent of its workforce, or about 1,300 jobs, in an overhaul aimed at improving the Swedish car maker's financial situation from 2003. Saab said the the job cuts, mainly in Sweden, would be accompanied by a streamlining of its engineering organisation and cooperation on cost cuts with other GM units in a bid to improve efficiency ...

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