This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXMPEA5K01N_M.jpg
According to reports from the Sindmetal union, the strike is set to continue for an unspecified duration.
The strike announcement comes in the wake of GM’s announcement to downsize its workforce across three factories situated in the Sao Paulo state, citing decreased sales and exports.
The Sindmetal union confirmed that the workers have voted to initiate a strike starting from Monday. Additionally, the union reported that employees at the Sao Caetano do Sul and Mogi das Cruzes plants have also consented to taking similar actions.
“The plant will only resume production after the job cuts are canceled and job stability is guaranteed for everyone,” the union said.
General Motors employs approximately 4,000 individuals in Sao Jose dos Campos. The plant is responsible for the production of engines, gearboxes, the Trailblazer SUV, and the S-10 truck.
“We understand the impact this decision might have on people’s lives, but the move is necessary and will allow the company to maintain the agility of its operations,” GM said in a statement.
According to the union, around 1,200 workers have had their contracts temporarily suspended.
Shares of GM are down 0.32% in mid-day trading on Monday.
