Flip through the latest issue of Gulf Weekly.
General Motors, the world's largest car maker, said it was planning to make 74,000 US workers redundant after it made a $38.7 billion loss in 2007.
The drastic cuts will see almost seven out of 10 of the company's US employees offered early retirement in a scheme that could cost billions of dollars.
The company, which only just fought off Toyota last year to keep its position as the world's No. 1 car maker, said the deal with the United Auto Workers union would generate big savings. GM employs 110,000 workers in the US.
