Daewoo Motor Co.'s U.S. sales arm fired about two-thirds of its workers, anticipating that the unit would be excluded from assets General Motors Corp. will acquire after the auto makers sealed their long-anticipated deal Monday.
About 105 of Daewoo Motor America's 165 employees were let go last week, said Gary Connelly, vice president of the Compton-based unit. The 60 remaining will keep their jobs until "the transition between Daewoo Korea and GM is finalized." Daewoo Motor America has closed all its field offices.
