UPDATE 3-GM cuts hundreds of salaried employees


(Recasts, adds quotes, comments, byline, updates stock) By Jui Chakravorty DETROIT, March 28 (Reuters) - General Motors Corp. , cut several hundred salaried jobs on Tuesday in its initial effort to reduce its U.S. white-collar work force by about 2,500 this year, as it tries to stem billions of dollars in losses by lowering costs. The first batch of cuts, just under 500, were announced at 30 locations, according to a GM spokesman. The affected employees were asked to leave the company ...

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