GM plans job cuts in South Korea

Ahead of its withdrawal of the Chevrolet brand in Europe, General Motors plans to make cuts during the first quarter at its operations in South Korea.

The Wall Street Journal reports GM will institute a voluntary retirement scheme for some 6,000 office workers by the end of March.

"This isn't an abrupt, unusual job cut. We've been doing this regularly, with the latest one done at the end of last year to enhance operating efficiency," GM Korea spokesman Park Hae-ho told the journal.

Last year's voluntary retirement program resulted in about 250 job losses.

Read more from the Wall Street Journal.