Washington - The beleaguered General Motors Thursday said it is cutting more management jobs and stopping some employee benefits, including contributions to so-called 401K private employee savings plans, according to the Detroit News.
"The global credit crisis has had a dramatic impact upon the industry at large and new vehicle markets in North America and Western Europe have contracted severely," GM CEO Rick Wagoner and Chief Operating Officer Fritz Henderson were quoted as saying in a letter sent to executives.
Washington, Mar.
