GM Cutting 4,000 White Collar Jobs By End Of Year - Automotive * US * News * Story

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

How Well Do You Know Your Bird?
Let's talk turkey. Test your turkey knowledge and perhaps pick up a bit of trivia to trot out at your holiday meal.
A Healthier & Wealthier You
Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

GM Cutting 4,000 White Collar Jobs By End Of Year

Topics:Employment | Transportation | Automobile Industry

Sectors:Automobiles and Parts

Companies:General Motors Corp

By: AP | 23 Jun 2009 | 04:49 PM ET

Text Size

General Motors has notified its U.S. white-collar workers that it plans to cut about 4,000 more jobs by the end of the year.
GM headquarters

Company spokesman Tom Wilkinson says workers on Tuesday were offered standard severance packages as well as chances to retire early if they're near retirement age. But he said some departures will be involuntary.

GM [GMGMQ Loading... () ] already has cut about 2,600 salaried jobs this year. It plans to reduce its salaried work force from just over 27,000 to 23,500 by Dec. 31.

The Detroit automaker is in Chapter 11 bankruptcy protection and has received about $20 billion in government loans.

2009 NY Auto Show

Top Ten Gas-Sipping Cars

Milestones in the Auto Industry

GM Chief Executive Fritz Henderson has said that more salaried jobs will need to go. The company said in February it would eliminate 10,000 of 73,000 salaried jobs from its international work force.