VW Brazil employees on one-day strike over layoffs

Newswire

SAO PAULO, Brazil, May 31 (Reuters) - Volkswagen AG employees in Brazil downed tools on Wednesday, paralyzing three passenger car plants in a 24-hour strike over planned layoffs, the metal workers' union said. Automakers like Volkswagen and General Motors Corp. have said they would have to resort to layoffs because of falling exports after the Brazilian currency's sharp appreciation versus the dollar in the past two years. A company spokeswoman confirmed that three plants stopped ...

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