The US car-manufacture General Motors (GM) delivered it would trim down white collar job charges by 20% as it explores to thwart declining sales.
GM also expressed it would sell about $4bn (£1.9bn) of properties, and have a loan of $2bn to strengthen its finances.
The largest US carmaker highlighted in a statement it will also postpone its general stock surpluses.
GM and other carmakers are facing a huge amount of burden because of high oil and gasoline prices and a plunge in demand for superior cars like sports service vehicles (SUVs).
