Reply #70: GM get ready to axe engineering staff in Warren, Mich

[UpInArms]

http://today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=2006-03-27T213709Z_01_N27276942_RTRIDST_0_AUTOS-GM-JOBS.XML

DETROIT, March 27 (Reuters) - General Motors Corp. (GM.N: Quote, Profile, Research) is expected to start cutting thousands of U.S. salaried workers on Tuesday as part of a sweeping restructuring aimed at stemming losses and market share, a source close to the situation said on Monday.

Tuesday's cuts will be in the engineering division, the source said. He also said reductions in sales and marketing staff would be announced in April.

The job cuts will be the first of those announced last November, when the struggling automaker said it would let go of 7 percent of its 36,000 white-collar U.S. employees this year.

A GM spokesman declined comment, saying the company had "nothing to announce or confirm."

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The atmosphere at GM's Warren Technical Center in Michigan was tense on Monday, as engineers remained uncertain about their future, the source said. Employees have been told to cancel vacations scheduled on Tuesday, he added.

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