GM slashes hundreds of contractor jobs in cost-cutting move.
General Motors is cutting "several hundred" contract jobs as part of its $2 billion cost-savings program. The contract employees work at GM's Global Technical Center in Warren and other locations. To cut $2 billion by the end of next year, GM has already offered buyouts to most of its salaried workforce. Beyond buyouts, GM is also looking to cut discretionary spending in areas such as corporate travel and marketing, and focus on prioritizing growth areas that offer the largest returns on revenue and margin.