General Motors Corp (GM)

[vincen71]

GM to offer Korean workers retirement; to mull dividend
03:47 AM ET · GM

GM (GM) intends to launch a "voluntary retirement" scheme to its 6,000 salaried workers in South Korea next year as it prepares to significantly scale back Chevrolet sales in Europe, a major market for cars that the company manufactures in Korea.
The headcount reduction would be the fourth round of job cuts in the country since 2009.
The news follows GM's decision to end production in Australia but to invest $1.3B in U.S. plants.
Meanwhile, outgoing CEO Dan Ackerson said the carmaker could consider paying a dividend next year.
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