General Motors North America president Gary Cowger said yesterday that the company would be able to cut back next year on the reductions it has made to its US salaried staff over the last two years, Reuters reported.
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Asked by a reporter if GM would target another 10% cut in US salaried and contract staff next year, as it has done the previous two years, Cowger said: “You’ll see that start to mitigate next year,” Reuters said.
According to Reuters, Cowger told reporters at a Detroit Automotive Press Association luncheon that the vehicle maker has overachieved in its effort to cut salaried jobs but will continue to focus on cutting costs next year.
GM’s cost-cutting efforts have been helped by the gains it has made in productivity and vehicle quality, Cowger said, according to Reuters.
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