GENERAL MOTORS TO CUT 70% OF SINGAPORE STAFF

130 staff from General Motors will lose their jobs by the end of next month and the end of December. This comes just 3 years after GM opened its regional headquarters here.

This is part of the American car maker’s attempts to cut costs by US$100 million (S$139 million) a year.

The 180 employees at GE were informed 2 weeks ago.

Staff who are let go will be paid one month’s salary for each year of service, plus an ex-gratia payment of another month. Employees from the director of sales and business development Cheong Chee Sing and president Stefan Jacoby will be affected.

This is not the first time GM has cut jobs in the country. During the 2008 financial crisis, GM cut its distribution and logistics centre here, which had been operating since 1972. Over 100 jobs were affected back then.

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