GM to cut a further 21,000 jobs
GM's Hummers
GM has been struggling with falling demand in the economic crisis

General Motors (GM) is to cut a further 21,000 US jobs this year and phase out its Pontiac brand, as it aims to meet a 1 June deadline to revamp its business.

GM has to complete its restructuring by that date to gain the extra multi-billion dollar government loans it needs to avoid bankruptcy protection.

http://news.bbc.co.uk/1/hi/business/8021029.stm

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GM has already cut 10,000 US jobs this year, announced in February. Following the completion of the latest 21,000 reductions, its American workforce will be reduced to 40,000.

Hardly the backbone of American industry it used to be.