SAO PAULO – General Motors do Brail Ltda. has rescinded its plan to fire 450 workers at its Sao Jose dos Campos plant, which employs 8,500 workers, but is holding firm to its demand for government sales tax relief. The federal government is studying measures to reduce vehicle taxes in an effort to maintain high-employment levels and stimulate car sales. Currently, taxes represent more than 40% of the price of a car.(See related story: GM Brazil Fires Workers, Union Plans Strike) ...
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