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Tuesday, June 07, 2005

GM Plans to Cut 25,000 U.S. Jobs by 2008 - Yahoo! News

GM Plans to Cut 25,000 U.S. Jobs by 2008 - Yahoo! News: "Speaking to shareholders at GM's 97th annual shareholder meeting in
Delaware, Chairman and Chief Executive Rick Wagoner said the capacity
and job cuts should generate annual savings of roughly $2.5 billion. GM
now employs about 111,000 hourly workers."

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