GM International based in Singapore will reduce its staff by over 70% from 180 to 50 by year end. This base oversees markets such as India, Southeast Asia, and South Korea, among others. About 90 employees will leave the company by the end of June and 40 by the end of 2017. This move is part of a strategic alignment to reduce exposure to unprofitable and unpromising markets.
Last week, the company said it would take a $500 million charge in the second quarter to restructure operations in India, Africa and Singapore. The company plans to stop selling Chevrolet … Continue