Brazil: government and car industry sign pact to protect employment

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3 April 2009 à 09h36

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2 minutes

Publication: 3 April 2009 à 09h36

Reading time: 2 minutes

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Publication

3 April 2009 à 09h36

Reading time

2 minutes

Publication: 3 April 2009 à 09h36

Reading time: 2 minutes

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ed to unfreeze $650 million to stimulate demand for cars and motorcycles. In exchange, car manufacturers will have to maintain the current level of employment in the mid term. Nevertheless, redundancies and voluntary leave programs are continuing in some car companies. (Ref. 090370)

On Monday, march
30, the Brazilian government announced the signature of an agreement with car
and bike manufacturers present in the country. In exchange for several tax
advantages which should help the...

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