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General Motors announced that by 2011 it would need to axe 47,000 jobs around the world in addition to receiving $31 billion in US government aid in order to avoid a complete collapse

Wednesday 18th February 2009

General Motors announced that by 2011 it would need to axe 47,000 jobs around the world in addition to receiving $31 billion in US government aid in order to avoid a complete collapse. The firm stated that the cutbacks would result in the shutdown of five of its US factories.

Nigel Freestone

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