Holden's Brazil sister company to lay off more than 1000
THE Brazilian affiliate of Holden's parent company, General Motors, has revealed it will lay off more than 1000 employees of the South American car manufacturer.
Employees at a factory in Sao Jose dos Campos, Sao Paulo, were given a leave of absence in August last year, but were not officially laid off until now.
Local media reported parent company GM had confirmed the lay offs on Sunday, after a high level meeting Brazilian Finance Minister Guido Mantega.
The decision by the Brazilian company comes just weeks after GM's Detroit head office confirmed the company's Australian arm, Holden, would cease manufacturing cars in Australia from 2017.