It has been reported that the Federal-mogul reducing their man power to 4000 jobs due to the scenario that happening to the current automotive market. According to them, this is part of their management planning to streamline their business especially in auto parts business. However, the process of this job cuttings is yet to be decided.
This will take affect this month until end of 2009 and it will involve between US$60Million to US$80 million of money.
General Motor September 18th 2008
