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General Motors to Lay Off 12,000 Workers in Europe - 2004-10-14


The world's largest car maker is getting a little smaller.

General Motors says it will lay off 12,000 people from its money losing European operations. That is about one fifth of its European workforce.

The cutbacks will hit hardest in Germany, and are part of an effort to trim more than $600 million in costs.

GM has reported losses for its European car making operations since 1999.

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