Brazil Auto Makers Start Hiring Once Again - Report
02 Juli 2009 - 4:28PM
Dow Jones News
Brazilian auto makers are hiring staff once again in response to
surging demand, local newspaper O Estado de S. Paulo reported
Thursday.
Volkswagen (VLKAY) took on 200 temporary workers last week and
is studying taking on 600 or 700 more by the end of the year,
according to the report.
Fiat (FIATY) is also considering opening new positions, while
General Motors Corp. (GM) has employees working extra Saturdays,
according to the report.
Brazilian car makers saw sales drop sharply in the second half
of last year, leading to a series of layoffs as stocks rose.
However, sales recovered quickly from December when the
government lifted industrial production tax on autos. The tax break
was extended to Oct. 31 this week.
On Wednesday, GM said it registered the highest single month car
sales in history in June.
-By Alastair Stewart; Dow Jones Newswires; 5511 2847-4520;
alastair.stewart@dowjones.com