CORRECTED-UPDATE 1-GM plans to extend shutdown of Brazil auto production by 60 days [Reuters]
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Source: Reuters
GM plans to extend shutdown of Brazil auto production by 60 days (This April 9 story corrects start date of production shutdown to March 23, with furloughs starting on March 30.) By Marcelo Rochabrun SAO PAULO (Reuters) - General Motors Co ( GM.N ) plans to keep its Brazilian factories shut down for at least 60 more days due to the coronavirus crisis, the company said Thursday, as the final batch of unionized workers voted on the automaker’s proposal. GM’s plants in Brazil have been shuttered since March 23. On March 30 the company put its workers on furlough, but kept their pay intact as it made employees use up vacation days. But as the pandemic has worsened globally and holiday allotments have dried up, GM has had to look for more drastic measures in South America’s top auto producer. Now its factories in Brazil, where for several years Chevrolet has been the country’s best selling brand, will be shut down at least until mid June. The timeline puts Brazil behind the schedules set
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