General Motors (GM) / To cut jobs in south korea

Automaker General Motors Co. (GM: Quote) plans to cut jobs at its South Korean operations in the first quarter of next year ahead of the withdrawal of its Chevrolet brand in Europe, media reported Tuesday.

GM Korea reportedly will implement a voluntary retirement scheme for about 6,000 office workers by the end of March, event though the targeted number of job cuts hasn\’t been determined.

GM Korea spokesman Park Hae-ho noted that the Korean unit\’s 10,000 factory workers aren\’t subject to this program, and those eligible to apply for the voluntary retirement program include about 2,500 research and design staff. In the past year, voluntary retirement program had resulted in about 250 job losses.

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via General Motors Reportedly Plans Job Cuts In South Korea.

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