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General Motors Co To Shed Jobs-Reuters

Tuesday, 20 Nov 2012 04:44am EST 

Reuters reported that General Motors Co's South Korean unit plans to slash its headcount by launching a voluntary retirement scheme open to its 7,000 office workers. GM Korea spokesman Park Hae-ho, confirmed the plan was aimed at enhancing its organizational efficiency and said it is the first time the company has made such a plan applicable to all its office workers, following an earlier scheme limited to senior office workers. Park did not disclose a target for the reductions, but said its 10,000 production workers will not be affected. 

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