GM extends furloughs, opens redundancy plan in Brazil amid slow auto sector recovery

The Brazilian branch of car manufacturer General Motors (GM) was extending the furlough period for some employees at its plants, and opening a voluntary redundancy plan at its São Caetano do Sul unit, the company told Fastmarkets on Wednesday August 12.

Brazil’s automotive industry was gradually recovering from the restrictions imposed earlier in the year to curb the spread of the Covid-19 pandemic, which led to almost all vehicle and auto parts producers closing their doors in late March.
Light vehicle output reached a record low of 1,800 units in April after these actions, national automotive association Anfavea said on May 8.

Production has been recovering since then, albeit at a slow pace. Light vehicle output...

Published

Felipe Peroni

Renato Rostás

August 13, 2020

13:05 GMT

São Paulo