UPDATE 1-GM to shut Portugal plant by Oct. 31 if no cuts

Newswire

LISBON, June 23 (Reuters) - U.S. automaker General Motors will shut its assembly plant in Portugal by Oct. 31 if talks with workers and the government do not lead to lower production costs, a GM spokesman said on Friday. Workers at the Azambuja plant, which assembles Combo delivery vans, and the government convinced GM last week to wait five more weeks before making a decision to close the factory. With the Oct. 31 deadline they will have more time to come up with proposals for the cost ...

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