SAO PAULO – General Motors do Brasil Ltda. is instituting a voluntary resignation program to downsize its staff of 10,600 workers, including 2,000 on the powertrain assembly line that produces engines for both GM and Fiat Automoveis SA. The move comes following the dollar's plunge over the last 30 months, from $3.50 to the Brazilian real to $2.38. The unfavorable exchange rate is forcing GM Brazil, along with other auto makers here, to reduce exports and cut expenses. GM recently ...
Premium Content (PAID Subscription Required)
"Weak Dollar Forces GM Brazil Layoffs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642