Saturday, 16 Nov 2024

GM plans to extend shutdown of Brazil auto production by 60 days

SAO PAULO (Reuters) – General Motors Co (GM.N) plans to keep its Brazilian factories shut down for at least 60 more days, the company said on Thursday, as the final batch of unionized workers voted on the automaker’s proposal.

GM’s plants have already stopped production amid the novel coronavirus outbreak and the new 60 day period would start on Monday. GM is also proposing salary cuts of up to 25% for its Brazil workforce.

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