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Screwed: Up to 20,000 at General Motors

A daily review of the employment fallout around the country and the world.

Bankrupt General Motors will slash up to 20,000 jobs…Chicago is laying off 1,100 city employees…Swedish aerospace and defense company Saab will lay off 370 office staff at its Saab Bofors Dynamics unit…J.R. Simplot Co. plans to lay off 114 mine and plant workers in Idaho this week…Altec, an aluminum components in Southern Indiana, is axing 60 workers this summer…the city of Reno, Nevada, may eliminate up to 60 jobs…the Sacramento County Public Defender’s Office is letting go 18 legal research assistants.

Read more about layoffs at the sites compiled on our layoff tracker page.

There is more bad news for bankers Monday with more layoff reports and rumors. The latest come from ING Groep NV (NYSE:ING) and Royal Bank of Scotland Group plc (NYSE:RBS).

• ING will slash around 300 jobs at its Japan life insurance unit, according to Bloomberg.

• RBS may eliminate 700 technology jobs, according to ZDNet UK.

It’s a tough employment market for financial professionals, but there are jobs. At the moment, Barclays Capital is looking for 750 in equities and M&A advisory, and here’s our pick of the day from The Deal’s Career Channel:

M&A Mining Analyst needed for Private Equity in New York

For a roundup of all the announced layoffs to date, check out The Deal’s Pink Slips on Wall Street Dealwatch or any of the links below. Also, feel free to email us any layoff or hiring rumors you are hearing. – Maria Woehr

Tags: business, GM, layoffs