General Motors proposes Brazil workforce reduction through buyouts

by SpeedLux
General Motors

General Motors is offering buyouts to some of its Brazilian employees, a local union said on Wednesday, as the nation’s No. 1 automaker has been impacted by the coronavirus crisis.

General Motors has a long history in Brazil, having inaugurated the first plant in the country in 1930 in Sao Caetano, just outside Sao Paulo.

The union said the automaker also plans to extend furloughs meant to end in September by two more months. The union has yet to vote on the buyout program, but the automaker said it wants to offer it to all workers.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.