The announcement follows a Brazilian hard work on Friday rejecting the U. S. automaker’s request for an injunction to keep the layoffs in place.
According to the court ruling, “the company will also not be able to. . . announce new layoffs of new workers, without the mandatory prior negotiation. “
The Sindmetal union called the preservation of those jobs a “historic victory” after a 13-day strike, and said in a statement that GM officials would meet with union leaders on Monday to formalize the resolution.
“The recovery of employment is a historic victory, the result of the strong struggle of the 3 cities. There were thirteen days of strike and a lot of unity in defense of employment,” said Valmir Mariano, vice president of São José dos Unión Campos Metalúrgicos.
GM employs 4,000 people in Sao Jose dos Campos, where the company makes engines, gearboxes, the Trailblazer SUV and the S-10 truck.
GM shares are trading down 1. 83% on Monday morning.
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