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General Motors to cut jobs in international HQ in Singapore

About 90 employees will leave the company by the end of June and 40 by the end of 2017

Reuters 

General Motors Company will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. GM International - which oversees markets such as India, Southeast Asia, and South Korea, among others - will reduce its staff to about 50 from 180 by the year end, according to a person with knowledge of the matter. About 90 employees will leave the company by the end of June and 40 by the end of 2017. Last week, the Detroit-based automaker said it would take a $500 million charge in the second ...

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First Published: Thu, May 25 2017. 15:53 IST
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