GM will invest r $ 500 mi

General Motors avoided a looming strike in Brazil by postponing the dismissal of up to 750 employees until the end of the year and promising to invest about $ 500 million in its Sao Jose dos Campos.
The agreement, signed Saturday with leaders of the syndicate of the metalurgists of São José dos Campos (SP), postponed the automaker's efforts to disable that, according to the automaker, is a non-competitive assembly line in the city.
The Union Sindimetal-SJC said on its website that the staff are members of the Classic model production line. GM spokesmen weren't immediately available for comment.
Since last year, GM faces pressure from President Dilma Rousseff to keep employees in exchange for makes provision that helped lead sales in the world's fourth largest automotive market the record level last year.
The GM complex in Sao Jose dos Campos produces the Chevrolet Classic on the Assembly line in question, in addition to the Blazer, S10 pickup, engines and transmissions in other assembly lines, employing more than 7 thousand employees. The employees will vote the agreement today, according to the Union.