GM U-turns on Brazil layoffs to avoid strike-union


SAO PAULO, Brazil, July 24 (Reuters) - U.S. auto maker General Motors has reversed its decision to cut 450 jobs at a Brazilian plant after employees threatened to go on strike to protest the layoffs, a workers union said on Thursday. The cuts, announced on Tuesday, would have affected GM's factory in Sao Jose dos Campos in Sao Paulo state, which employs about 8,500 workers. As part of the deal, the 450 employees will take holiday for five months during which they will receive 90 percent ...

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