The Traderszone Network

Published in TZ Latest News 24 August, 2015 by The TZ Newswire Staff

GM suspends 800 job cuts at Brazil plant, ending strike

Workers at a General Motors Co (GM.N) plant in Brazil ended a two-week strike on Monday after the company agreed to suspend nearly 800 job cuts, buying time in an industry where idle assembly lines have roiled labor tensions. GM and the local metalworkers’ union said they agreed that the workers facing termination would spend the next five months on paid leave and would get an extra rescission payment if their jobs are cut early next year.

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