http://msnbc.msn.com/id/13541353/General Motors will on Monday disclose details of one of most dramatic corporate downsizings in US history, exceeding a key target of its turnround plan and accelerating the demise of the privileged American car worker.
Rick Wagoner, chief executive, is expected to announce that about 30,000 workers – more than a quarter of GM's blue-collar US workforce – have taken up its offer of early retirement and severance packages.
Almost all will leave by the end of the year, achieving in a few months what the company had set out to accomplish over more than two years.
A total of 50,000 workers or more is set to leave the industry over the next few months.
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