GM to Cut S Korean Jobs ss Chevy Ends Run in Europe

GM to Cut S. Korean Jobs as Chevy Ends Run in Europe

The company will launch a voluntary departures program for 6,000 employees who do not work in factories.

NEW YORK -– As GM ( IW 500/5) pulls its Chevrolet brand from the European market, the company announced it will cut jobs in South Korea next year.

GM Korea will launch a voluntary departures program for 6,000 employees who do not work in factories by the end of March, GM spokesman Greg Martin said.

The company did not disclose the exact number of job cuts sought.

GM's 10,000 factory workers in South Korea are not included in the downsizing, Martin said.

The payroll reductions stem from GM's decision to withdraw most of its Chevy brand vehicles from Europe. Many of those are made in South Korea.

GM announced in early December it would largely withdraw its Chevy brand from the European market by 2016, citing the "difficult economic situation" on the continent.

Instead it plans to concentrate on marketing its German-made Opel vehicles and its British sister brand Vauxhall, and in coming years push its luxury Cadillac models.

Copyright Agence France-Presse, 2013

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