GM lays out plan to cut 21,000 U.S. factory jobs, drop Pontiac division
Published 04/27/2009, The Associated Press
DETROIT (AP) - General Motors Corp. said it will cut 21,000 U.S. factory jobs by next year, phase out its storied Pontiac brand and ask the government to take company stock in exchange for half GM's government debt as part of a major restructuring effort needed to get more government aid.Word count: 150
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