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GM weighs more layoffs, sale of brands
Wall Street Journal (subscription required), July 11, 2008
GM's Board of Directors is expected to approve a layoff plan in August that will impact thousands of white-collar jobs; they are also considering selling some the company's brands. GM officials are now re-evaluating their strategy and their hope to meet internal projections of returning to profitability by 2010, as the company remains in a sales slump and deals with its lowest stock price in 50 years.
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