GM to slash over 14,000 jobs from North American workforce

General Motors announced Monday it plans to slash 14,700 jobs — about 15 percent of its North American workforce — and possibly close up to five domestic plants.

The reduction in force includes 8,100 white-collar employees who'll be targeted via buyouts and layoffs and about 6,000 factory workers will also lose jobs, although some may transfer to truck plants.

The factories to be closed currently produce cars that are not sold in the United States.

Read More (...)