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IPFS News Link • Economy - Economics USA

GM to cut 21,000 US factory jobs: Bye-Bye Pontiac and Saturn

04-27-2009 • Bloomberg.com

General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take more than half its stock in exchange for half of GM's government debt as part of a major restructuring

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Reported By Jack Gregson

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GM to cut 21,000 US factory jobs: Bye-Bye Pontiac and Saturn

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