General Motors will cut 20 executive jobs, shaving off jobs in the management part of the company to help restructure its vehicle development process.
Rather than firing employees, the cuts will come in the form of retirements and reassignment to other positions within the company.
GM said Wednesday that the cuts would occur effective August 1.
Products are currently created under a vehicle line executive, a line director and a chief engineer. With the new structure of the company, product lines will develop only under executive chief engineers.
The cut is intended to make the development process much easier and allow one person to be accountable for developing vehicles.
The company has not said whether the cuts are the beginning to broader management restructuring.
