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Monday, November 21, 2005

GM: More Salaried Job Cuts

The focus of today's GM announcement was the plant closings and approximately 30,000 hourly job cuts.

However, during the Q&A session (which I listened to on the radio this morning), Rick Wagoner was also asked about salaried job cuts. He stated that they were planning on reducing about another 7% of their salaried workforce in 2006, to bring the reduction in salaried personnel to 40% since 2000.

That is a lot of jobs lost, many in Michigan.

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