GM cut more factory workers

Some 6,000 hourly workers at General Motors have left the firm as it seeks to cut costs and streamline operations.

Most of those leaving – around 65% – took early retirement while some 30% accepted buyouts from the firm.

The latest round of departures leaves GM with 48,000 US factory workers. It aims to have 40,500 such workers at the end of this year.

GM emerged from Chapter 11 bankruptcy in early July, 61% government-owned and with only four brands.

Aug 4, 2009MTI