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In a late business cycle, when growth starts to splutter and the “every little helps” attitude morphs into necessity of survival, we could have surely done without news and speculation that General Motors and Ford, two of the world’s largest original equipment manufacturers (OEMs), might be looking to shed about 40,000 staff combined.

For GM, it’s confirmed, 14,000 out of about 180,000 employees will go, while for Ford the tally could be as high as 25,000 (out of ~ 202,000), according to Morgan Stanley analyst Adam ...

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