It is too soon to tell how many IT workers will be laid off in the restructuring of General Motors, the biggest US car and truck maker, which will emerge from bankruptcy protection in 60 to 90 days. The slimmer "New GM" will have less debt and lower operating costs, thanks to a $33bn deal struck today between itself, the US and Canadian governments and worker bodies. The 5,500 workers at GM's UK Vauxhall operation will have to wait for the outcome of negotiations between GM and Magna International, a Canadian motor vehicle maker, which plans to take over Adam Opel which with Vauxhall forms GM Europe. The German government has given Adam Opel a €1.5m bridging loan while talks continue. According to reports, business minister Peter Mandelson has received assurances that Magna intends to continue production at Vauxhall. However, a Vauxhall spokesman said changes in workforce levels might take several months to come to light. source by:
Senin, 01 Juni 2009
IT lay-offs in GM revamp may take months to emerge
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