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The white collar job cuts in GM's Detroit-area engineering center and proving grounds that were rumored last week are coming to pass. Tuesday's job cuts affected nearly 500 staff at 30 locations.

There seems to be a growing groundswell of rumors centering around a possible restructuring of GM's worldwide engineering staff. Reuters reports GM Europe as denying Thursday that it would announce engineering job reductions next week, apparently responding to this article in the Detroit Free Press, which forecasts a "Black Tuesday" next week for GM engineers in its North American operations.