Even after more than 6,000 workers taking its buyout and leaving the company, General Motors may need to cut more jobs.
From Soyoung Kim, Reuters:
DETROIT (Reuters) - More than 6,000 U.S. hourly workers have left General Motors Co under the automaker's latest buyout program intended to make it a leaner company after its emergence from bankruptcy.
GM, which exited bankruptcy on July 10 by selling most of its assets to a group funded by the U.S. Treasury, said the latest round of buyouts has brought the total number of its U.S. factory workers to 48,000.
GM has said it aims to reduce its U.S. hourly employment to about 40,500 by the end of 2009, through layoffs and other measures.
