Exclusive: GM plants to cut 5,000 South Korean jobs

SEOUL (Reuters) – General Motors’ South Korean unit plans to slash 5,000 jobs, or about 30 percent of its workforce, but keep production steady if Seoul agrees to its $2.8 billion proposal for the loss-making operation, according to a document seen by Reuters.

The post Exclusive: GM plants to cut 5,000 South Korean jobs appeared first on MrTopStep.com.