US auto job cuts may beat 2001 record - Challenger

Newswire

NEW YORK, Nov 21 (Reuters) - Job cuts in the U.S. auto industry may exceed the record set in 2001 as General Motors Corp. and Ford Motor Co. announce more layoffs, a report said on Monday. GM said on Monday it will cut 30,000 jobs. With those job cuts, combined with Ford's announcement on Friday to cut 4,000 jobs, the auto industry is on track to meet, or possibly surpass, the 2001 record of 133,686 job cuts in one year, said Challenger, Gray & Christmas Inc., an employment consulting ...

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