GM Korea to shed jobs via voluntary retirement program
SEOUL Nov 20 (Reuters) - The South Korean unit of General Motors has launched its first-ever "voluntary retirement" scheme open to about 7,000 office workers to enhance its organizational efficiency, a spokesman said on Tuesday.
The spokesman did not disclose a target for the workforce reductions and said production workers will not be affected. GM Korea started receiving applications for the plan on Tuesday and will close it on Dec. 14, he said.
- Housing, jobs data weaken, but overall economic picture still upbeat
- Putin critic Khodorkovsky in Germany after pardon |
- Target probe eyes overseas hackers; stolen cards for sale online
- Pizza outlet attacked as India, U.S. fail to cool diplomat row |
- Target cyber breach hits 40 million payment cards at holiday peak |