General Motors has announced this morning that it is about to cut 1600 jobs in the United States this week as the company rushes to meet a June 1st deadline to restructure its operation under U.S. government oversight.
The reductions are part of GM’s plan to slash its global salaried work force by about 10,000, or 14 percent, in a bid to cut costs.
The severance will take place May 1st and is in addition to the 37,000 hourly jobs worldwide that GM plans to cut by the end of the year.
GM, founded in 1908, has its headquarters in Detroit MI and is the world’s second largest car maker after Toyota of Japan. IT currently employs over a quarter of a million people worldwide