General Motors Corp.’s Brazilian unit reaches a tenative agreement with workers’ union at its Sao Caetano do Sul assembly plant near Sao Paulo to avoid a strike, saving 700 jobs it planned to cut in exchange for fewer working hours and temporary layoffs, reports say. Under terms of the deal with the union, GM will cut 108 temporary employees rather than the original 808 jobs it planned to eliminate. Remaining workers will get the first week of August off, after which they will work a ...
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