GM Says No More Jobs Cuts

After years of downsizing, General Motors Co. said this morning that it does not plan any job cuts in the immediate future.

"We have no plans for that right now," Mark Reuss, the company's new president of North America, said this morning in a call with reporters. "We are going to be focused on generating revenue, and we are not going to save our way into any kind of successful activity doing that."

The news is a turnaround from comments made last month by former President and CEO Fritz Henderson who said GM still had too many hourly workers and could slash some of the 6,000 to 7,000 workers currently on layoff. This year, GM has cut about 13,000 hourly workers as part of its court-ordered restructuring

Here is some audio from the call with Mark Reuss and Susan Docherty, the new vice president of sales, service and marketing.