General Motors Cancels 1,245 Layoffs In Brazil After Court Ruling: Report

General Motors Company (NYSE: GM) has reportedly reversed its decision to lay off 1,245 workers from its facilities in São José dos Campos, São Caetano do Sul, and Mogi das Cruzes, located in São Paulo, Brazil.

The turn of events follows closely after a Brazilian labor court ruled against the American automotive giant's plea for a legal injunction to proceed with the ...

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