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    Home » GM cancels 1,245 layoffs at factories in Brazil, union says By Reuters | Invesloan.com
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    GM cancels 1,245 layoffs at factories in Brazil, union says By Reuters | Invesloan.com

    November 5, 2023Updated:November 5, 2023
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    GM cancels 1,245 layoffs at factories in Brazil, union says
    © Reuters. FILE PHOTO: The new GM emblem is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. Picture taken March 16, 2021. REUTERS/Rebecca Cook/File Photo

    (Reuters) – General Motors (NYSE:) will cancel 1,245 layoffs at its factories in Sao Jose dos Campos, Sao Caetano do Sul and Mogi das Cruzes within the state of Sao Paulo, the union representing metalworkers mentioned on Saturday.

    The announcement was made a day after a Brazilian labor courtroom rejected the U.S. automaker’s request for an injunction to take care of the layoffs.

    Saving the roles was a “historic victory” following a 13-day strike, the Sindmetal union mentioned in a press release, including that GM representatives will meet union leaders on Monday to substantiate the choice.

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