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Possibly inviting a political backlash, GM is cutting 598 jobs at a Brazilian plant in the state...

Possibly inviting a political backlash, GM is cutting 598 jobs at a Brazilian plant in the state of Sao Paulo due to low productivity. The layoffs, which involve a complex that employed 7.5K workers last year, come as GM struggles to turn a profit on its Brazilian ops, and the auto giant is pressured by the Brazilian government to abstain from layoffs in exchange for tax breaks. (previous)
Comments (2)
  • Ah, the promise and peril of the BRICs
    26 Mar 2013, 08:58 PM Reply Like
  • Governments serve many masters, and none very well in most cases.
    27 Mar 2013, 08:50 AM Reply Like
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