
General Motors, the top US automaker, plans to cut jobs in South Korea next year as it pulls its Chevrolet brand from the European market, a GM spokesman said Tuesday. GM Korea will launch a voluntary departures program for 6,000 employees who do not work in factories by the end of March, GM spokesman Greg Martin told AFP. The company did not disclose the exact number of job cuts sought. GM's 10,000 factory workers in South Korea are not included in the downsizing, Martin said. The payroll reductions stem from GM's decision to withdraw most of its Chevy brand vehicles from Europe. Many of those are made in South Korea. GM announced in early December it would largely withdraw its Chevy brand from the European market by 2016, citing the "difficult economic situation" on the continent. Instead it plans to concentrate on marketing its German-made Opel vehicles and its British sister brand Vauxhall, and in coming years push its luxury Cadillac models
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor