General Motors proposes Brazil workforce reduction through buyouts

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.