General Motors to slash jobs in Singapore HQ
It will reduce its staff from 180 to 50 by the end of the year.
Reuters reported that General Motors Co (GM.N) 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.
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