DETROIT (AP) - A top General Motors Corp. executive says 1,600
workers will lose their jobs during the next few days as the
automaker tries to cut costs and restructure to stay in business.
GM North America President Troy Clarke says in an e-mail to
workers obtained by The Associated Press that the layoffs are
needed to ensure GM's long-term viability.
Last month GM began cutting 3,400 U.S. salaried jobs as part of
the 47,000 job cuts that it will make worldwide by year's end.
GM is living on $13.4 billion in government loans and faces a
June 1 deadline to cut costs and gain concessions from stakeholders
in order to get more government help. It may be forced to file for
bankruptcy protection.
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