General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take more than half its stock in exchange for half of GM's government debt as part of a major restructuring that would leave current shareholders holding just 1 percent of the company.
Stories Related to Gm To Cut 21,000 Us Factory Jobs, Shed Pontiac
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Mon, 04/27/2009 - 7:35am
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BING NEWS:
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05/2/2024 - 2:35 am | View Link - Tesla plans huge Bay Area job cuts, including hundreds at Fremont car factory
FREMONT — Tesla has decided to slash thousands of jobs in the Bay Area, including layoffs at the company’s electric vehicle factory in Fremont, staffing reductions that are poised to jolt the region’s ...
04/24/2024 - 1:15 pm | View Link - Tesla to cut nearly 2,700 jobs in Texas factory, notice shows
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Also, these ratings apply to “white-collar professionals,” not factory workers, the source said. At this point, it’s unclear whether or not factory workers are included in the planned layoffs.
04/1/2024 - 2:43 am | View Link - More
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