GM to lay off 500 engineers

As a sign of the times (and future) GM will fire about 500 contract employees at their technical center in Warren, Michigan. This is all part of the automaker's effort to downsize its money-losing North American operations.

"This is a very challenging time, and these are very difficult decisions for the company," said GM spokesman Robert Herta. "It's all about aligning the work force with our business needs."

The job losses darken the already grim employment outlook for Michigan, which is expected to lose jobs for a sixth straight year in 2006 despite the national economy's resilience...

Categories: General Motors,Trends