GM delays Brazil layoffs decision
August 6 , 2012
General Motors (GM) and a Brazilian union have postponed until November a decision to shed some 1,840 jobs at a São Paulo factory.
The decision was made following talks with the Brazilian government, which has provided the carmaker with tax cuts on the basis that jobs will be preserved.
GM now has an additional three months to mull over layoffs on an assembly line it says it no longer needs.
Of the workers at risk of losing their jobs, GM will keep 900 on the assembly line while the others will continue to be paid as they undergo training for other jobs.