GM to cut 1,633 jobs in Brazil, puts 900 on leave

Newswire

SAO PAULO, Feb 26 (Reuters) - General Motors Corp said on Thursday it would lay off more than 1,600 workers at one of its plants in Brazil and had put another 900 workers on paid leave for 30 days. GM is one of several automakers in Brazil that are either placing factory workers on paid leave or cutting jobs in the face of an economic slowdown and credit crunch that have hit the auto industry. The company said it started laying off the 1,633 workers on temporary contracts at the GM plant ...

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